New IAASB Resources Alert: Explore ISSA 5000 FAQ on Materiality
As part of its intensive global outreach campaign, the IAASB is responding to requests for additional information on materiality matters to assist stakeholders with navigating the recently proposed International Standard on Sustainability Assurance (ISSA) 5000, General Requirements for Sustainability Assurance Engagements, available on:
https://www.iaasb.org/focus-areas/understanding-international-standard-sustainability-assurance-5000?utm_source=Main%20List%20New&utm_campaign=4e094abda5-IAASB-alert-2nd-FAQ-ISSA-5000&utm_medium=email&utm_term=0_-4e094abda5-%5BLIST_EMAIL_ID%5D
Accordingly, a comprehensive set of Frequently Asked Questions (FAQs), The Application of Materiality by the Entity and the Assurance Practitioner, has been developed, and is available on:
https://www.iaasb.org/publications/proposed-issa-5000-application-materiality-entity-and-assurance-practitioner?utm_source=Main+List+New&utm_campaign=4e094abda5-IAASB-alert-2nd-FAQ-ISSA-5000&utm_medium=email&utm_term=0_-4e094abda5-%5BLIST_EMAIL_ID%5D
The comment period for the proposed ISSA 5000 is open until 1 December 2023. To promote broad and diverse participation in the ongoing public consultation, the IAASB has developed a Stakeholder Survey, which may be useful to stakeholders wishing to share less technical or overall feedback, available on:
https://survey.alchemer.com/s3/7484197/Proposed-ISSA-5000-General-Requirements-for-Sustainability-Assurance-Engagements-Stakeholder-Survey-for-Preparers-of-Sustainability-Information-Including-Those-With-the-Oversight-of-Its-Preparation-Investors-and-Other-Users-of-Sustainability-Information-and-Sustainability-Reporting-Standard-Setters?utm_source=Main+List+New&utm_campaign=4e094abda5-IAASB-alert-2nd-FAQ-ISSA-5000&utm_medium=email&utm_term=0_-4e094abda5-%5BLIST_EMAIL_ID%5D
The IAASB has also developed a Response Template, available on the IAASB website. For further details and updates, visit the IAASB website on:
https://www.iaasb.org/focus-areas/understanding-international-standard-sustainability-assurance-5000?utm_source=Main%20List%20New&utm_campaign=4e094abda5-IAASB-alert-2nd-FAQ-ISSA-5000&utm_medium=email&utm_term=0_-4e094abda5-%5BLIST_EMAIL_ID%5D