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18 Mar. 2020

Extended External Reporting (EER) Proposed IAASB Unauthoritative Guidance and AUASB Consultation

EER encapsulates many different forms of reporting including, but not limited to, integrated reporting, sustainability reporting and other reporting by entities about financial and non-financial matters, including environmental, social and governance matters, related to an entity’s activities.

The purpose of the IAASB’s Public Consultation on Proposed Guidance, Extended External Reporting Assurance is to promote consistent high-quality application of ISAE 3000 (Revised) Assurance Engagements Other than Audits or Reviews of Historical Financial Information so as to:
• Strengthen the influence of EER assurance engagements on the quality of EER reports;
• Enhance user trust in the resulting assurance reports; and
• Engender greater confidence in the credibility of, trust in and reliance upon EER reports by their intended users.
The draft non-authoritative guidance addresses Special Considerations in Performing Assurance Engagements on Extended External Reporting.
If you wish to provide the AUASB with feedback on this proposed guidance to inform the AUASB submission please email your comments to Marina Michaelides by 30 May 2020.  In addition the AUASB will hold a webinar on the proposed EER guidance in early June 2020.