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Audit
Assurance - Hazaea et al., 2022
| Question | Answer |
|---|---|
| role of assurance | to enhance the credibility of sustainability reports and corporate reputation |
| need for assurance | to enhance and add value to organisations planning, monitoring and accountability |
| growing criticism on | transparency and suitability of assurance practicies |
| three main characteristics of sustainability assurance | - assessing environment by using measurable standards and linking them to performance - relying on audit team with sufficient financial experience - internal to shareholders and external to public |
| global regulators for sustainability | few |
| what has been called into question and why | providers professionalism, independence and quality because of content of statements and reports |
| current standards need to be | revised to enhance professionalism of assurance practice |
| auditors should | clarify criteria used and refer to standards to enhance credibility and reliability of statements |
| revision of standards should | involve stakeholders who are concerned with improving quality and reliability of assurance |