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IAASB & IESBA: Joint FAQs on Sustainability Assurance Engagements
- 13 June 2025
- Sustainability Reporting
- South African Accounting Academy
Summary:
The Staffs of the International Auditing and Assurance Standards Board (IAASB) and the International Ethics Standards Board for Accountants (IESBA) has released Joint Frequently Asked Questions (FAQs) to support interoperability and consistent application of International Standard on Sustainability Assurance (ISSA) 5000 and International Ethics Standards for Sustainability Assurance (including International Independence Standards) (IESSA™).
Article:
These FAQs are designed to highlight, illustrate or explain aspects in practical questions about applying ISSA 5000 and IESSA together.
They are intended to assist in the adoption and implementation of ISSA 5000 and the IESSA by addressing matters relevant to the application of both standards.
The 11 FAQs in total address the following areas:
- Identifying relevant ethical requirements: Q1-Q4
- Determining group and value chain components: Q5-Q6
- Using the work of another practitioner: Q7-Q9
- Addressing IESSA disclosure requirements in the assurance report: Q10-Q11
Developed in close coordination and launched in January 2025, ISSA 5000 and IESSA provide a coordinated global assurance and ethics framework for sustainability assurance engagements.
Click here to download the 9-page FAQ document:
Relevance to Auditors, Independent Reviewers & Accountants:
- As an accountant, auditor and independent reviewer, you need to be aware of and consider the information contained in publications by various professional bodies and standard-setters, e.g. IESBA, IAASB, etc. – so that you can apply this in the performance of your duties – especially with regards to sustainability assurance and the related ethics.