Page 356 - CA Final Audit Titanium Full Book. (With Cover Pages)

CA Ravi Taori
(CNO SDG.240) Conclusion
Overarching Importance of Sustainability Reporting: The overarching importance of sustainability
reporting continues to gain momentum globally with demands from various stakeholders.
Research and Developments Toward Uniform Standards: There has been substantial research and
developments toward a uniform set of sustainability standards.
Lack of a Common Language: However, the uniformity is not achieved yet due to lack of a common
language for sustainability reporting.
Global Trend of Sustainability Reporting: As reporting of sustainability information becomes the trend
being observed globally, the demand for independent assurance of sustainability information is anticipated to
grow.
Enhancing Integrity of Sustainability Reporting: Entities around the globe look to enhance the integrity of
their sustainability reporting.
Imperative for Auditors and Assurance Providers: Hence, it is imperative that auditors and assurance
providers understand the current landscape and continue to monitor ongoing developments.
Growing Demand for Assurance on Sustainability Reporting: The demand for assurance on “sustainability
branded” reporting continues to grow.
Urgent Need for Globally Accepted Standards: Therefore, there is an urgent need for globally accepted
sustainability/ESG assurance standards that can be used by all assurance professionals.

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