Question
People are increasingly recognizing that financial data alone is inadequate for evaluating a company's vitality and performance. Consequently, investors are shifting their attention towards sustainability-related
People are increasingly recognizing that financial data alone is inadequate for evaluating a company's vitality and performance. Consequently, investors are shifting their attention towards sustainability-related information. In response to this growing demand, the International Sustainability Standards Board (ISSB) has introduced new sustainability disclosure standards (IFRS S1 and S2). Simultaneously, the International Auditing and Assurance Standards Board (IAASB) is nearing the completion of a standalone sustainability assurance standard (ISSA5000)
- Do you agree that ED-5000 appropriately addresses the topic of fraud (including "greenwashing") by focusing on the susceptibility of the sustainability information to material misstatement, whether due to fraud or error? If not, what suggestions do you have for increasing the focus on fraud and why? (See Explanatory Memorandum Section 1-G, paras. 108-110)
- IAASB-International-Standard-Sustainability-Assurance-5000-Explanatory-Memorandum_0 (1)[4785].pdf.
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