• Register
Return to: Home > News > Regulation > IIRC framework needs external assurance rules: BDO

IIRC framework needs external assurance rules: BDO

In a supportive response to the international integrated reporting framework launched by the International Integrated Reporting Council (IIRC), BDO International highlighted the need to develop a robust external assurance protocol.

Last April, the IIRC launched a consultation draft of the integrated reporting framework, which lays the groundwork for a more comprehensive corporate reporting model.

While BDO's response embraced the IIRC's initiative and described the framework as "a positive step toward bringing together diverse stakeholder communications, including annual and sustainability reports", it also highlighted room for improvement.

In particular, BDO suggested the development of a robust external assurance protocol to properly and consistently evaluate and report on an entity's integrated report under the framework.

"An assurance model should add credibility and reliability to an integrated report," BDO's response reads.

"However, there is a need for assurance standards to be developed to deal with the requirements of integrated reporting."

BDO believes that assurance providers will also need to improve their skills in understanding the nature of capitals and their relative importance in value creation in order to be able to provide an integrated assurance report.

Related Links

the International Integrated Reporting Council

BDO International

Top Content

    ARGA team, assemble!

    The new top team has been named that will see in root-and-branch reform at the Financial Reporting Council (FRC) as it transforms into the Audit, Reporting and Governance Authority (ARGA). Will the new duo be as dynamic as some are hoping? Robin Amlôt reports.

    read more

    FASB: a quest for simpler standards

    FASB chair Russell Golden addressed the IMA 2019 Annual Conference and Expo at the Sheraton San Diego Hotel and Marina, California, on 18 June. IMA immediate former chair-emeritus Alex Eng acted as moderator. Joe Pickard reports.

    read more

    The future of audit, and how to get there

    Two recent reports peer into the future of the audit profession. One analyses what an audit should offer, while the other looks at how the audit process will be carried out. Robin Amlôt takes a closer look at both.

    read more

    EFAA elects new president, focuses on digital future

    EFAA’s new president, Salvador Marin, outlined his key priorities for the next two years at the organisation’s 2019 annual general meeting, while outgoing president Bodo Richardt offered advice. Robin Amlôt reports.

    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.