Nachhaltigkeit
Nachhaltigkeit
29 July 2024

Statement:
CEAOB Draft non-binding Guidance on limited Assurance on Sustainability Reporting

On July 22, 2024, the WPK commented on the Committee of European Auditing Oversight Boards' (CEAOB) draft non-binding guidance on the limited assurance engagement on sustainability reporting. The draft was published by the CEAOB in June 2024.

The WPK welcomes the publication of corresponding guidelines in principle. However, the WPK emphasizes the importance of appropriate scaling aspects and points out that the existing and developing standards and pronouncements (in particular ISAE 3000 (Revised), ISSA 5000 and the Code of Ethics) should be integrated into the guidelines. The WPK also provides technical advice.

Background

According to the Corporate Sustainability Reporting Directive (CSRD), the European Commission is obliged to adopt standards for the assurance of sustainability reporting with limited assurance by October 1, 2026 at the latest. Until then, there will be a gap in which there will be no standards adopted at EU level. Recital 69 of the CSRD states that the CEAOB should adopt non-binding guidelines to harmonize these audits. These guidelines should set out the principles and procedures to ensure that audits are as uniform as possible.

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