Australian sustainability assurance requirements approved

This report relates to the finalisation of the assurance phasing model and proposed amendments by the Federal Government to extend the modified liability setting to voluntary sustainability reports under certain circumstances.

The climate disclosures contained in the sustainability report will be subject to similar assurance requirements to those currently in the Corporations Act 2001 for financial reports. In January 2025, the Australian Auditing and Assurance Standards Board (AUASB) approved: Australian Standard on Sustainability Assurance (ASSA) 5010 Timeline for Audits and Reviews of Information in Sustainability Reports Under the Corporations Act 2001 outlining the assurance phasing model. The assurance ph...

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Authors: Adrian King

Published Date: 14 February 2025