IAASB CP

  • Other Assurance

Proposed guidance on Extended External Reporting (EER) Assurance

EER encapsulates integrated reporting, sustainability reporting and other matters including environmental, social and governance matters.

The IAASB is seeking feedback on draft non-authoritative EER assurance guidance.

Have a look

This draft non-authoritative guidance covers the following aspects of the performance of an EER assurance engagement where practitioners commonly encounter challenges in applying ISAE 3000 (Revised):

  • Applying appropriate competence and capabilities to an EER engagement;
  • Exercising professional scepticism and professional judgement in the context of an EER engagement, where there may be a heightened need to do so;
  • Determining preconditions and agreeing the scope of an EER assurance engagement;
  • Determining the suitability and availability of criteria (reporting framework(s), standards or preparer-developed criteria) used to prepare the EER report;
  • The preparer’s governance and internal control over its process to prepare the EER report;
  • Considering an entity’s process to develop preparer-developed criteria to determine the topics to be reported on in the entity’s EER report (sometimes referred to as a preparer’s ‘materiality process’);
  • The types of misstatements that may occur in the EER report (using assertions);
  • Obtaining evidence;
  • Considering the materiality of misstatements in the EER report;
  • Preparing the assurance report;
  • Considerations in addressing qualitative EER information; and
  • Considerations in addressing future-oriented EER information.

The Consultation Paper is on the full combined and updated phase 1 and phase 2 drafts. Views are also sought on two supplementary documents including contextual and background information and illustrative examples.


Commenting on the proposal

We are seeking views from those considering or that have practical experience in this evolving area of reporting–including practitioners, preparers, investors and users of EER reports in New Zealand.

  • Share your views with the NZAuASB by 12 June 2020 (using the secure online form below); or
  • Respond directly to the IAASB by 13 July 2020.

Upload your submission here

Please use this secure online form.

It has been designed to make your upload safe, quick and easy. 

You can:

  • Upload an MS Word document (and a PDF file, if you wish); or
  • Write your comments below in the space provided.

You can upload up to TWO documents. 

Please note:

  • We would appreciate receiving a copy of your comments in electronic form (preferably Microsoft Word format).  This helps us to more efficiently collate and analyse comments. Please also specify the exposure draft number and title in your electronic file. 

  • Tell us on whose behalf you are making the comments (for example on behalf of a group or an entity).

  • We intend publishing all comments on the XRB website, unless they may be defamatory. If you have any objection to this, we will not publish them. However, they will remain subject to the Official Information Act 1982 and, therefore, may be released in part or in full. The Privacy Act 1993 also applies.

  • If you have an objection to the release of any information contained in your comments, we would appreciate you identifying the parts of your comments to be withheld, and the grounds under the Official Information Act 1982 for doing so (for example, that it would be likely to unfairly prejudice the commercial position of the person providing the information).