How do auditors express their opinion on sustainability information? A novel proposal for a verification report in Europe
Abstract
Sustainability reporting and its credibility are subject of growing international interest. The Non-Financial Reporting Directive 2014/95/EU is going to be replaced by the Corporate Sustainability Reporting Directive with the aim of improving the comparability, relevance and credibility of non-financial information reported in the European framework. In this article we analyze both Directives, other international initiatives regarding sustainability information, as well as the present and future situation of the assurance of this information. In addition, we propose a novel audit report for non-financial information based on a survey of auditors and users in Spain. Our proposal can improve communication between auditors and users and increase stakeholders’ confidence on reported sustainability information.
Received: 30 April 2022
Accepted: 30 May 2022
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