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Global Accounting Body Urges Auditing of ESG Disclosures

Dec. 6, 2021, 5:28 PM

A leading global accounting body called for national authorities to put teeth into companies’ sustainability disclosures by making it mandatory that they be audited, as the European Union has already proposed.

The International Federation of Accountants said Monday that audited environmental, social, and governance disclosures should be required to ensure confidence in the information. IFAC is the umbrella body for accounting organizations in 135 countries, and each country must decide individually whether to require audits of ESG disclosures.

  • “In order to be trusted, sustainability disclosure must be subject to high-quality, independent, external assurance,” IFAC CEO Kevin Dancey said. With ...