• Register
Return to: Home > News > Professional Bodies > IAASB and WBCSD team up to incorporate sustainability into mainstream reporting

IAASB and WBCSD team up to incorporate sustainability into mainstream reporting

The International Auditing and Assurance Standards Board (IAASB) has agreed to collaborate with the World Business Council for Sustainable Development (WBCSD) to support their project to incorporate sustainability into mainstream reporting.

The WBCSD has decided to fund the IAASB’s support of its Redefining Value project stating that the Board’s independent decision making will better support emerging external reporting assurance. The project aims to ensure that external reporting follows the applicable IAASB international assurance standards, therefore, the IAASB has agreed to develop guidance for applying existing assurance standards to emerging external reporting (EER) assurance.

WBCSD managing director of redefining value, Rodney Irwin said: “The scale of the challenges we face in moving towards a system that considers financial and non-financial information requires unprecedented collaboration.”

Work will commence from December 2017 and draft guidance is expected by the end of 2018.

Top Content

    2018 Digital Accountancy forum and awards: Digital transformation

    The Accountant presents highlights from The Digital Accountancy Forum & Awards 2018 panel discussions

    read more

    2018 Digital Accountancy Forum and Awards: Tech deep dive

    The second panel session of the day saw experts discuss how new technologies should not just be seen as a threat, and could be used to improve accounting.

    read more

    Digital Accountancy Forum and Awards: The power of data

    The third panel discussion of the day saw panellists discuss some of the worries their clients have had, how to overcome them, and how data and technology are providing real business opportunities.

    read more

    Digital Accountancy Forum and Awards: The next generation

    With young people more mobile, and technology changing the industry rapidly, the final panel session of the Digital Accountancy Forum looked at how firms would need to adapt to the new reality

    read more
Privacy Policy

We have updated our privacy policy. In the latest update it explains what cookies are and how we use them on our site. To learn more about cookies and their benefits, please view our privacy policy. Please be aware that parts of this site will not function correctly if you disable cookies. By continuing to use this site, you consent to our use of cookies in accordance with our privacy policy unless you have disabled them.