IESBA: Ethics & Independence for Sustainability Assurance (IESSA) – Technical Overview

IESBA: Ethics & Independence for Sustainability Assurance (IESSA) – Technical Overview

• 26 February 2025
• Ethics and Professionalism
• South African Accounting Academy

Summary:

The International Ethics Standards Board for Accountants® (IESBA®) has published a Technical Overview document on the IESSA (International Ethics Standards for Sustainability Assurance (including International Independence Standards).

Article:

The IESBA technical overview on IESSA outlines ethics and independence standards for all Sustainability Assurance Practitioners (SAPs), providing a robust framework applicable regardless of their backgrounds.

The IESBA has issued a new Part 5 of its Code of Ethics (IESSA), a suite of ethics and independence standards to safeguard the quality, integrity and effectiveness of sustainability assurance engagements in the public interest.

IESBA also issued support material for the IESSA (International Ethics Standards for Sustainability Assurance (including International Independence Standards)

Click here to download the 13-page Technical Overview document:

https://ifacweb.blob.core.windows.net/publicfiles/2025-01/IESSA%20Technical%20Overview.pdf

Relevance to Auditors, Independent Reviewers & Accountants:

• As an accountant, auditor and independent reviewer, you need to comply with International Code of Professional Conduct.
• Failure to adhere to the Code may lead to disciplinary action.
• Auditors, Independent Reviewers and Accountants should be aware of the latest standards of the International Code of Ethics for professional accountants, as well as approved exposure drafts that have been issued.
• IESSA must be applied by all sustainability assurance practitioners (SAPs).
• IESSA should also be used by professional accountants (PAs) involved in sustainability reporting.

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