IAASB guidance helps advance assurance for non-financial reporting

Released 07 April 2021

The International Auditing and Assurance Standards Board (IAASB) has published Non-Authoritative Guidance on Applying ISAE 3000 (Revised) to Extended External Reporting (EER) Assurance Engagements.

The Guidance responds to ten key stakeholder-identified challenges commonly encountered in applying International Standard on Assurance Engagements 3000 (Revised), Assurance Engagements Other than Audits or Reviews of Historical Financial Information. The guidance promotes consistent high-quality application of ISAE 3000 (Revised) in extended external reporting assurance engagements to:

strengthen the influence of such engagements on the quality of extended external reporting;

enhance trust in the resulting assurance reports; and

increase the credibility of extended external reports so that they can be trusted and relied upon by their intended users.

Further information, including a link to the guidance, can be found at https://www.iaasb.org/news-events/2021-04/new-iaasb-guidance-helps-advance-assurance-non-financial-reporting.

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