IFAC welcomes the opportunity to provide input to the International Auditing and Assurance Standards Board’s (IAASB) Exposure Draft for the Proposed Narrow Scope Amendments to Standards as a Result of the Revisions to the Definitions of Listed Entity and Public Interest Entity in the IESBA Code.

This publication sets out four key areas where accountants need to update their knowledge to meet the growing demand for high-quality sustainability-related information. It speaks to the vital role accountants play in producing reliable sustainability-related data, reporting and assurance, as well as the importance of education and training in ensuring professional accountants are able to meet society’s needs.