This roundup examines the IAASB’s proposed auditing standard for less-complex entities and an update on the CMA’s ongoing work into misleading green claims.
An exposure draft proposes additional guidance on how two previously published Recommended Practice Guidelines can be applied by governments and public sector entities to report on sustainability programme information.
The regulator says that in times of economic uncertainty, companies should continually assess evolving risks and ensure those risks are clearly explained.
The amendments, designed to improve company information about long-term debt with covenants, are effective for annual reporting periods beginning in 2024 or later.
Proposed changes to the standard are designed to provide a reference framework for auditors when making judgements about audit evidence throughout the audit.
