GHG Assurance update
The XRB is responsible for the assurance standard, including the ethical and quality management requirements, related to mandatory assurance engagements over the greenhouse gas disclosures to be included in climate statements.
We are currently exploring the development of a short life and very narrow scope assurance standard, focussed on the mandatory assurance engagement as an interim solution. This recognises the need to build capacity and bring various professionals together in the context of this regime. This is a key topic for discussion at the Audit and Assurance Standard Board meeting this month and we are keen to hear other views on the development of this standard while we develop an exposure draft to be issued in December 2022.
Climate reporting consultation launched
Joined by Minister David Clark and Minister James Shaw along with nearly 400 attendees, last week we launched the final climate reporting consultation. Media have been extremely interested in the release with in-depth articles featured in Stuff, Business Desk, Newsroom and NBR.
We are hosting a series of targeted Deep Dive Events throughout August to help you digest what’s in the proposed standards. As always, we really want your feedback. The consultation closes 26 September 2022.