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ISCA supports the proposed International Ethics Standards for Sustainability Assurance (IESSA) as a common set of ethics and independence standards for use by all SAPs. The IESSA is included in a new Part 5 of the Code to be framework neutral and profession-agnostic and equivalent to the standards which currently apply to financial statement audits. The goal of these standards is to mitigate greenwashing and elevate the quality of sustainability information, thereby fostering greater public and institutional trust in sustainability reporting and assurance.
To support adoption of the IESSA as the go-to standard for all SAPs, including non-PAs, we propose that IESBA collaborate with international conformity assessment and accreditation bodies to provide clarity on terms and concepts used in the IESSA for SAPs who are non-PAs to be clear what needs to be done. At the same time, we propose that IESBA work with the IAASB to address issues relating to group sustainability assurance engagements, using the work of another practitioner and value chain entities.
Read the comment letter here.