Auditors mull company reporting standards

EU association assesses response to consultation on verification of corporate environmental reports

European accountants' federation FEE has published responses to its consultation on how corporate environmental reports should be verified (ENDS Daily 8 November), saying that it provides "a snapshot of EU thinking in a developing field".

Responses show broad agreement on the need for auditors to keep abreast with efforts to standardise corporate environmental reporting. But there is uncertainty in other areas, such as how reports should be verified by multi-disciplinary teams of accountants and environmental experts. Respondents also generally agree on how auditors should act when the amount or quality of environmental data presented is limited, and on how auditors' statements can be made as user-friendly as possible.

FEE's consultation will feed into ongoing global efforts to develop an international standard on verification of environmental reports by the international auditing practices committee.

Follow Up:
FEE, tel: +32 2 285 4085.

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