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The IAASB issues Consultation Paper to enhance reporting on greenhouse gases
In October 2009, the IAASB (International Auditing and Assurance Standards Board) issued a consultation paper – Assurance on a Greenhouse Gas Statement - to enhance reporting. The paper is the first step in developing a new assurance standard on greenhouse gas (GHG) statements. The IAASB said at the launch: “A growing number of countries are developing, or have developed, carbon emissions trading schemes under which public reporting of information about emissions inventories, and assurance thereon, has economic, political, and social significance. The IAASB’s project seeks to enhance the consistency and quality of performance by practitioners on assurance engagements to report on this information, whether produced for regulators, legislators, investors, or other interested parties.” The paper asked a series of question addressing matters such as the form of assurance report that users would find most useful, the nature and extent of requirements, how a standard should integrate with regulatory requirements, and technical aspects of applying the assurance process to GHG emissions.
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