Buyers guide to non-financial assurance
ICAEW is partnering with the World Business Council for sustainable development to produce a buyer's guide to assurance of non-financial information.
Corporate reporting is continuously evolving to meet the demands of a range of stakeholders. In recent years, much of this evolution has involved broadening non-financial disclosures – particularly in environmental, sustainability and governance (ESG) information. This trend, explored in ICAEW’s influential 2017 report What’s next for corporate reporting: time to decide?, calls for greater transparency and accountability by major organisations and lower barriers to entry of information.
However, alongside this disclosure revolution, some investors and other users have expressed concerns about the relevance of the non-financial information that companies choose to report and the extent to which it is reliable.