Question

Which of the following is not considered a part of external assurance over sustainability reporting, as stated by the Global Reporting Initiative (GRI) Reporting Framework?

a. External assurance engagements should assess the extent to which the report preparer has applied the GRI Reporting Framework in reaching its conclusions.

b. External assurance engagements should be conducted by those with competence in the subject matter and assurance practices

c. External assurance engagements can be issued by the CFO of the company issuing the sustainability report.

d. External assurance engagements should assess whether the sustainability report is reasonable, balanced, and appropriately inclusive

Answer 1

The following is not considered a part of external assurance over sustainability reporting, as stated by the Global Reporting Initiative (GRI) Reporting Framework

Ans: c. External assurance engagements can be issued by the CFO of the company issuing the sustainability report.

External assurance as the name suggests means that athird party is assuring the investors and all tthe stakeholders of the company that the financials of the company as well as all the reports presented are true and can be relied upon; in this case the CFO can not issue external assurance engagements.