25 April 2023

IOSCO welcomes the initiative by the IAASB for early engagement and broad inputs in the consultation on the new international sustainabil

This work will serve to support the consistency, comparability and reliability of sustainability-related information provided to the market, enhancing trust in the quality of that information.

The International Organization of Securities Commissions (IOSCO) welcomes the decision by the International Auditing and Assurance Standards Board (IAASB) to bring forward the start of the consultation on its proposed new standard for sustainability assurance, as part of its plan to deliver an assurance framework for end-2024 sustainability disclosures by market issuers.
This work will serve to support the consistency, comparability and reliability of sustainability-related information provided to the market, enhancing trust in the quality of that information.
IOSCO calls on issuers, assurance providers, investors and other stakeholders across the sustainability reporting ecosystem to participate in the IAASB’s consultation.
This would help ensure a robust standard-setting process that considers wide stakeholder inputs and gives them the opportunity to familiarize themselves with the content ahead of the end-2024 reporting period.
IOSCO also welcomes the close coordination by the IAASB with the International Ethics Standards Board for Accountants (IESBA). This will help to ensure robust standards applicable to all providers of sustainability assurance within the parameters of existing governance, due process and public interest mechanisms.
IOSCO will continue to play a key role in promoting global consistency in the assurance of sustainability-related disclosures by market issuers and support its members and other stakeholders to enhance trust in corporate sustainability-related reporting...

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