The IAASB issued its Exposure Draft (ED) on non-authoritative guidance on extended external reporting (EER) assurance.
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 guidance aims to promote consistent high-quality application of ISAE 3000 (Revised), Assurance Engagements Other than Audits or Reviews of Historical Financial Informationso 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.