The European Federation of Accountants (FEE) published a
discussion paper, Key Issues in Sustainability Assurance—An
Overview, encouraging the International Federation of
Accountants to develop an international standard for sustainability
assurance ( www.fee.be ). FEE said
such a standard would improve auditors’ ability to assess
corporations’ reports on the effectiveness of their efforts to
minimize any negative social or environmental consequences of their
economic and financial activities. Because corporate sustainability
reports can significantly affect a company’s public image, the
completeness and accuracy of their contents are indispensable. FEE
reviewed the current standards of France, Germany, the Netherlands and
Sweden, and identified a need for standards that are more robust than
the existing ones, which it said provide inadequate, generic
assurance.
Corporate Reporting
