IIA ja ECIIA blogidest

European policymakers have reached an agreement on the EU legislation on the Solvency II Directive. Accordingly, the balance sheet disclosed as part of the solvency and financial condition report will be subject to an audit by a statutory auditor for all insurance and reinsurance undertakings, apart from small and non-complex undertakings and captive insurance and […]

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The ECB just issued a Working Paper on “Climate transition risk in the banking sector: what can prudential regulation do?” The analysis contributes to the debate by providing theoretical evidence that supports the view that banking capital requirements should explicitly incorporate risks arising from the transition to a low-carbon economy. The paper also looks at […]

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What does sustainability transition mean for your company? What keeps you awake at night? Policymakers and regulators are introducing new legislation on companies’ sustainability obligations that will profoundly impact businesses. Accountancy Europe, the European Confederation of Directors’ Associations (ecoDa), the European Confederation of Institutes of Internal Auditing (ECIIA) and Chapter Zero Brussels jointly invite you […]

The post Webinar: How can company boards lead the sustainability transition? appeared first on ECIIA.

The Council and European Parliament have reached a favourable agreement on the two-year postponement of the European Sustainability Reporting Standards for certain sectors and for certain third-country undertakings, thus, effectively amending the Corporate Sustainability Reporting Directive (CSRD). This agreement is significant as it will allow more time for companies to prepare for these new sets of […]

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We are extending the scope of the factsheets to other European regulations impacting the profession, such as the Corporate Sustainability Due Diligence Directive. Please find below the first factsheet related to this topic.

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The Commission has adopted the first-ever European cybersecurity certification scheme, in line with the EU Cybersecurity Act. The scheme offers a Union-wide set of rules and procedures on how to certify ICT products in their lifecycle and thus make them more trustworthy for users. Certification provides a formal recognition that ICT products can be trusted to protect both the […]

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How are companies getting ready to deliver on sustainability reporting and assurance? What is the boards’ role in leading the sustainability transition? Accountancy Europe, the European Confederation of Directors’ Associations (ecoDa), the European Confederation of Institutes of Internal Auditing (ECIIA) and Chapter Zero Brussels held this webinar to discuss these and other questions. All panelists […]

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​EFRAG launched a public consultation on the Exposure Draft ESRS for listed SMEs (ESRS LSME ED) and the Exposure Draft for the voluntary reporting standard for non-listed SMEs (VSME ED). The consultation will be open until 21 May 2024. Read more here.

The post EFRAG: public consultation on two Exposure Drafts on sustainability reporting standards for SMEs appeared first on ECIIA.

EFRAG has published its first three draft ESRS Implementation Guidance documents for public feedback. Draft EFRAG IG 1 deals with the requirements on the materiality assessment in ESRS and Draft EFRAG IG 2 with the value chain aspects in ESRS. Draft EFRAG IG 3 contains the detailed ESRS data points as a Microsoft Excel workbook with an accompanying explanatory note. ECIIA has provided its feedback […]

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The three European Supervisory Authorities published the first set of final draft technical standards enhancing the digital operational resilience of the EU financial sector by strengthening financial entities’ Information and Communication Technology (ICT) and third-party risk management and incident reporting frameworks.  Read more here.

The post ESAs: first set of rules under DORA for ICT and third-party risk management and incident classification appeared first on ECIIA.