Accountancy Europe: is ESRS a compliance or fair presentation framework?
Accountancy Europe: is ESRS a compliance or fair presentation framework?
Accountancy Europe has released an article examining whether the European Sustainability Reporting Standards (ESRSs) function as a compliance framework or a fair presentation framework. The article discusses the key differences between these approaches and their implications for sustainability reporting and assurance. The latest EFRAG draft amendments to the ESRSs explicitly state that the standards are intended as a ‘fair presentation’ framework. As stated in the article, for ESRS-based reporting and assurance to support a fair presentation conclusion in the future, several conditions must be met, that would require changes to the current versions of Corporate Sustainability Reporting Directive (CSRD) and the ESRSs.
More information is available in the Accountancy Europe article at the link.
More information is available in the Accountancy Europe article at the link.