IAASB publishes new FAQs on applying materiality under ISSA 5000 for sustainability assurance engagements. Here's what auditors need to know.
LATEST UPDATE ISSA 5000 FAQs: Relevance of ISSA 5000 to Assurance on Sustainability Reports in the European Union This Frequently Asked Questions (FAQ) focuses on the relevance of International Standard on Sustainability Assurance (ISSA) 5000 to assurance on sustainability reports to be issued in the European Union. It provides a high-level understanding of how ISSA 5000 can support consistent, high-quality sustainability assurance engagements in the EU – enhancing users’ confidence in sustainability information prepared in accordance with the European Sustainability Reporting Standards (ESRS). The new FAQ explains how ISSA 5000 could be relevant to assurance [...]
