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Assume that your client has recently adopted an ESG (Environmental, Social, and Governance) Framework for reporting on how the organisation manages risks and opportunities associated
Assume that your client has recently adopted an ESG (Environmental, Social, and Governance) Framework for reporting on how the organisation manages risks and opportunities associated with sustainability issues. The client seeks to ensure that their framework meets best practices and is reliable to provide assurance around managing risks associated with environmental issues. Required (i) Analyse and explain different types of ESG, and the framework. (ii) Identify and justify the appropriate Auditing Standard that you would use to undertake this engagement. (iii) Indicate the level of assurance that you could provide in undertaking this engagement. You should include a discussion as to why this is the appropriate level of assurance and the importance of the assurance service. (iv) Discuss challenges that you would face in providing assurance of the client's framework, regarding the measures used for monitoring performance across the three ESG areas. (v) Provide recommendations to enhance enterprise or professional practice about ESG reporting contexts
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