Publication

15 May 2018

Responding to assurance needs on non-financial information Analysis of expert feedback

People need to be able to rely on corporate information as a basis for their decisions. Trustworthy information strengthens confidence in companies and in markets, creating long-term value.

Non-financial information (NFI) provides a clearer picture of a company’s financial performance than only financial information. NFI is increasingly important for investors and other stakeholders, who ask for assurance on NFI as they want to know whether they can trust the reported information.

Due to different levels of maturity in NFI reporting, professional accountants approach NFI assurance engagements in different ways. Therefore, we examine six key steps for NFI assurance as included in our 2017 discussion paper How to respond to assurance needs on non-financial information?. We requested feedback on these key steps and organised a workshop on the practical  challenges of NFI assurance with the World Business Council for Sustainable Development (WBCSD).

This report analyses the expert feedback we received to both initiatives. We focus on the main challenges these experts identified and what solutions they proposed to strengthen NFI assurance practices.

Related content

BlogBetter business decisions with assurance on non-financial information

20 June 2019

Publication10 Most popular publications of 2018

11 December 2018

NewsHilde Blomme appointed to the EFRAG EU Corporate Reporting Lab steering group

27 November 2018

EventTax Day 2020

19 February 2020

Consultation responseEIOPA’S Solvency II reporting and disclosure review 2020

12 December 2019

Publication10 most popular webpages of 2019

10 December 2019

NewsDigital Day 2019 – Interviews

29 November 2019

BlogCorporate Governance: driving a sustainable economy

28 November 2019

EventSustainable Value for Money

20 November 2019

EventDigital Day 2019: What does innovation cost?

19 November 2019

In the mediaAn Overview of KAMs in the European Banking Sector

15 November 2019

EventEvolving needs of SMEs: the profession’s role?

24 October 2019

UpdateSustainable Finance

22 October 2019

PublicationSustainable Finance call to action

22 October 2019

Consultation responseEIOPA’S Solvency II reporting and disclosure review 2020

21 October 2019

BlogIs sustainable finance gender neutral?

16 October 2019

PublicationKey audit matters in European Banking sector – update 2019

7 October 2019

Consultation responseEuropean Corporate Reporting Lab @EFRAG consultation on future projects

25 September 2019

Consultation responseIAASB consultation on Audits of Less Complex Entities

17 September 2019

EventIs sustainable finance gender neutral?

10 September 2019

Team memberJona Basha

9 September 2019

In the mediaTowards an (inter)connected approach to corporate reporting standards setting

19 August 2019

In the mediaNon-Financial Reporting: «…it is about staying in business»

14 August 2019

Sign up for our newsletter