Key audit areas in 2023: ESG Risks
The relevance of ESG issues and their consideration in IFRS financial statements is being further promoted and has been included in the list of key audit areas for 2023. In order to increase the consistency of the information disclosed, ESMA (European Securities and Markets Authority) has published the report "The Heat is On: Disclosures of Climate-Related Matters in Financial Statements". This is intended to provide affected institutions with practical examples and assistance. Reference can also be made to the IASB learning material "Effects of climate-related matters on financial statements", which is also intended to provide support.
