ACCREDITED INDEPENDENT THIRD PARTY

Commission Notice on the interpretation of certain legal provisions in Directive 2013/34/EU (Accounting Directive), Directive 2006/43/EC (Audit Directive), Regulation (EU) No 537/2014 (Audit Regulation), Directive 2004/109/EC (Transparency Directive), Delegated Regulation (EU) 2023/2772 (first set of European Sustainability Reporting Standards, ‘first ESRS delegated act’), and Regulation (EU) 2019/2088 (Sustainable Finance Disclosures Regulation, ‘SFDR’) as regards sustainability reporting · European Union

62) What is the ‘accredited independent third party’ referred to in Articles 34(6) of the Accounting Directive and 37(3) of the Audit Directive? Recital (63) CSRD reads ‘ Member States should ensure that when an undertaking is required by Union law to have elements of its sustainability reporting verified by an accredited independent third party, the report of the accredited independent third party should be made available either as an annex to the management report or by any other publicly accessible means. Such making available of that report should not pre-empt the outcome of the assurance opinion of which the third-party verification should remain independent. It should not entail any duplication of work between the auditor or the independent assurance services provider that expresses the assurance opinion and the accredited independent third party.’ An ‘accredited independent third party’ is an entity, usually an expert other than the statutory auditor or Independent Assurance Services Provider (IASP), providing the assurance opinion on the sustainability statement, that might verify parts of the sustainability reporting, such as GHG emissions. The CSRD requires transparency as regards the results of its work and non-duplication with the work of the statutory auditors/IASPs (105).

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Source: EUR-Lex (Cellar) · retrieved 2026-09-07