Comments on Exposure Draft for Proposed ISSA 5000, sustainability assurance engagements by the Auditing and Assurance Standards Committee of AFAANZ

Hay, DavidHarding, NoelBiswas, PallabGan, ChristopherGe, Irene QinglingHo, LinhRanasinghe, DinithiSingh, HarjSultana, NigarZhou, Shan2024-05-012024-03-062024-032024-01-290810-5391LQ0H7 (isidoc)https://hdl.handle.net/10182/17157The Exposure Draft for Proposed International Standard on Sustainability Assurance (ISSA) 5000 has been issued by the International Auditing and Assurance Standards Board (IAASB) because there is increasing demand by stakeholders for assurance of sustainability information. Our recommendations include: (i) a more flexible approach to ethics and quality management instead of the requirements for standards that are at least as demanding as the accounting profession's standards; (ii) more differentiation between the requirements for limited as opposed to reasonable assurance and (iii) more cautious use of the term materiality and clearer definitions of the different materiality concepts to avoid potential confusion.pp.1221-1239en© 2024 The Authors. Accounting & Finance published by John Wiley & Sons Australia, Ltd on behalf of Accounting and Finance Association of Australia and New Zealand.assuranceauditcorporate sustainability reporting (CSR)environmental, social and governance (ESG) reportingsustainabilityComments on Exposure Draft for Proposed ISSA 5000, sustainability assurance engagements by the Auditing and Assurance Standards Committee of AFAANZJournal Article10.1111/acfi.132351467-629XANZSRC::350702 Corporate social responsibilityANZSRC::350201 Environment and climate financeANZSRC::350107 Sustainability accounting and reportingANZSRC::3501 Accounting, auditing and accountabilityANZSRC::3502 Banking, finance and investmentANZSRC::3801 Applied economicshttps://creativecommons.org/licenses/by-nc-nd/4.0/Attribution-NonCommercial-NoDerivatives