Publication

Non-financial information (NFI) is crucial for companies, investors and other stakeholders to make sound business decisions. Providing independent assurance on the reported NFI enhances its quality and reliability. The demand for assurance on NFI has been growing steadily, but the practice still varies across Member States.

Our publication sets out how European countries have transposed the Non-Financial Reporting Directive 2014/95/EU (the NFRD) into national law and the impact on the role of the statutory auditor and independent assurance services provider. We also look into the voluntary assurance practice beyond legal requirements across Europe.

Our factsheet shows that out of the 26 European countries covered:

  • 12 countries apply the minimum requirement for the statutory auditors to check whether NFI has been provided
  • 11 countries have an additional requirement to check the consistency of NFI with the financial statements
  • 3 countries opted for mandatory independent assurance over the NFI
  • 14 countries indicated to have companies seeking voluntary independent assurance

If you have additional information on how independent assurance practice is developing across Europe, please contact [email protected].

 

Related content

PublicationFAQs on sustainability information assurance

3 November 2021

EventPostponed: Enhancing reliability of non-financial information

23 March 2020

PublicationResponding to assurance needs on non-financial information

15 May 2018

PublicationHow to respond to assurance needs on non-financial information

5 October 2017

UpdateSustainability

26 January 2023

BlogCollaboration – the key to high-quality sustainability education framework for accountants

23 January 2023

Consultation responseIPSASB’s exposure draft 83, reporting sustainability program information

17 January 2023

PublicationKey factors to develop and use audit quality indicators

13 January 2023

PublicationIndependent assurance on ESEF – the block tagging requirement

15 December 2022

NewsJoint statement on the Corporate Sustainability Due Diligence Directive

8 December 2022

UpdateSustainability

25 November 2022

PublicationFAQs: all you need to know about the Corporate Sustainability Reporting Directive

23 November 2022

NewsEFRAG SRB issues first set of draft EU Sustainability Reporting Standards

23 November 2022

PublicationComparing European corporate governance models

17 November 2022

NewsNew SRB chair to further European sustainability reporting agenda

16 November 2022

EventSMEs’ sustainable transition: how to support it?

15 November 2022

PublicationSustainability education

14 November 2022

UpdateSustainability

28 October 2022

NewsEC’s proposal to ban products made using forced labour

28 October 2022

EventSustainable tax system: towards a green future

25 October 2022

PublicationSustainable tax systems – environment

24 October 2022

Consultation responseOECD’s consultation on the review of the G20/OECD principles of corporate governance

21 October 2022

EventMembers’ Engagement Day

19 October 2022

Consultation responseIPSASB’S consultation on natural resources

18 October 2022

Sign up for our newsletter

* indicates required
Would you like to subscribe to our newsletter?
On which topics would you like to receive news?