Australian Government
Auditing and Assurance Standards Board
Friday, February 24, 2023
Second publication to update Assurance practitioners on Sustainability Assurance developments and AUASB activities to support Sustainability Assurance standards
This AUASB Sustainability Assurance Update has been prepared by AUASB Staff to provide an update as to key advancements and timings as it relates to sustainability assurance developments. Additionally, this publication highlights the interplay of the various International Standard Setters. Importantly, the IAASB’s proposed Standard on Sustainability Assurance ISSA 5000 will be finalised and ready for use in time for the International Sustainability Standards Board’s IFRS S1 General Requirements for Disclosure of Sustainability-related Financial Information and IFRS S2 Climate-related Disclosures as well as the European Union’s reporting timeframes.
The AUASB staff will develop and release regular Sustainability Assurance Updates as additional activities relating to Sustainability Assurance standards and guidance occur.