Supporting Credibility and Trust in Emerging Forms of External Reporting Ten Key Challenges for Assurance Engagements

ACCA comments on the discussion paper issued by the International Auditing and Assurance Standards Board (IAASB) on supporting credibility and trust in emerging forms of external reporting (EER).

The IAASB’s discussion paper raises some important issues on the practical considerations that may be holding back practitioners from providing assurance over EER.

While remaining neutral on the question as to whether assurance is the best answer for helping users trust EER, ACCA suggests some ways that the IAASB can improve practice in this area.

We also considered the Ten Key Challenges identified in the discussion paper and proposed some additional challenges that the IAASB should consider.

Our detailed comments in respect of the specific questions within the discussion paper are set out in the attached document.

Members of ACCA’s Audit and Assurance Global Forum have considered the matters raised and their views are represented in ACCA’s comments.