The International Ethics Standards Board for Accountants (IESBA) published two amendments to the IESBA Code of Ethics (Code) on January 17, 2025:

• International Ethics Standards for Sustainability Assurance (Including International Independence Standards) and Other Revisions to the Code Relating to Sustainability Assurance and Reporting,
• Revisions to the Code Addressing Using the Work of an External Expert.

The European Financial Reporting Advisory Group (EFRAG) has submitted a standard for voluntary sustainability reporting by non-capital-market-oriented small and medium-sized enterprises (SMEs) to the European Commission (Voluntary Sustainability Reporting Standard for non-listed SMEs - VSME). The WPK reported on the consultation on the draft of this standard under “New on WPK.de” from January 24, 2024 (in German).