Audit & Assurance

Overview

Audit & Assurance is a fundamental element of corporate governance and long-term value creation.

Key Principles

• Accountability — Clear roles, responsibilities, and oversight
• Transparency — Open disclosure and stakeholder communication
• Independence — Objective judgment and decision-making
• Integrity — Ethical conduct and compliance with laws

Best Practices

Governance Framework — Establish clear policies and procedures
Oversight Mechanisms — Implement effective monitoring and controls
Stakeholder Engagement — Consider diverse perspectives
Continuous Improvement — Regular review and enhancement

Regulatory Requirements

Compliance with relevant corporate governance codes, securities regulations, and listing requirements.

Reporting & Disclosure

Disclose audit & assurance practices in annual reports, corporate governance statements, and ESG reports.

From ESG Library

• ESG & GRI Reporting Made Simple — Governance disclosure guidance

View all books →

Key Resources

• IAASB International Standards on Auditing
• International Auditing and Assurance Standards Board

Part of ESG Hub | Curated by Ascent Partners Foundation