Supporting Board’s Economic, Environment, Social and Governance Responsibilities
Assurance help to strengthen credibility with external audiences, but also for internal purposes, such as assuring managers, executives, and board members that they’re doing the right thing.
Sustainability / Integrated reporting is in a evolving process, and it can be challenging to report consistent, reliable, and complete data as a routine, especially given the increasing number of disclosure requirements, organisations, and awards bodies. This is where assurance can help by making sure that reporting data is credible.
Integrating financial and non-financial information in reports poses new challenges, and is a major shift from traditional reporting inputs and value calculations.
Some global reporting standards and guidelines we refer and apply:
- ISO 26000 / OECD/ UN Global Compac
- Greenhouse Gas (GHG) Protocol
- AccountAbiility AA1000AS
- Carbon Disclosure Project (CDP)
- Dow Jones Sustainability Indexes (DJSI)
- Global Reporting Initiative (GRI)
Assurance services are audit activities that provide an independent, objective assessment of financial statements or compliance efforts. The objectives of these audits are to assure management, the Board, and regulators that financial statements are accurate and operations are done in accordance with applicable policies and regulations. These compliance, regulatory, and financial statement audits are all considered assurance services. Other audit services, such as consulting and advisory audits – while important audit activities – are not part of the assurance audit service.