The Authority Issues Its View on the Proposed Updates for Addressing the Topic of Sustainability

الهيئة تبدي وجهة نظرها في التحديثات المقترحة لمعالجة موضوع الاستدامة

The International Ethics Standards Board for Accountants (IESBA) published a draft update to the International Code of Ethics, proposing a new Part 5 covering compliance with ethical principles (including independence) relating to sustainability reporting and assurance engagements. SOCPA, represented by its Ethics Committee, welcomed the proposal. SOCPA raised concerns to the IESBA, including the risks of using general/neutral language covering all practitioners rather than only professional accountants, the clarity of the concept of sustainability information given the diversity of sustainability reporting frameworks, and the risk of the Code covering practitioners not regulated by the accounting bodies responsible for adopting and monitoring the Code's application.

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