RIAA commented on Australian Treasury proposals to empower the Australian Accounting Standards Board to make non-mandatory sustainability disclosure standards.
RIAA supported this important foundation for sustainability reporting in Australia. In RIAA’s view, this good first step could be strengthened through:
– a standalone governance body for sustainability disclosure standards
– strong standard-setting and public consultation requirements
– diverse sustainability expertise on the AASB, Auditing and Assurance Standards Board and Financial Reporting Council, beyond climate expertise
– maximum adherence to the standard-making framework and minimal differences between standards for different types of entities.
About the contributors
About the speakers
RIAA commented on Australian Treasury proposals to empower the Australian Accounting Standards Board to make non-mandatory sustainability disclosure standards.
RIAA supported this important foundation for sustainability reporting in Australia. In RIAA’s view, this good first step could be strengthened through:
– a standalone governance body for sustainability disclosure standards
– strong standard-setting and public consultation requirements
– diverse sustainability expertise on the AASB, Auditing and Assurance Standards Board and Financial Reporting Council, beyond climate expertise
– maximum adherence to the standard-making framework and minimal differences between standards for different types of entities.
