INDEPENDENT ASSURANCE SERVICES PROVIDERS (IASPS)

63) Will an Independent Assurance Services Provider (IASP) established in the territory of another Member State be able to perform tasks in a Member State that does not allow IASPs to carry out assurance on sustainability reporting in its territory? No. An IASP established in the territory of another Member State will not be able to provide assurance on sustainability reporting in a Member State that does not allow IASPs to carry out assurance on sustainability reporting in its territory. Article 34(4) first subparagraph of the Accounting Directive provides Member States with the option to allow IASPs established in their territory to express the assurance opinion on sustainability reporting, provided that these IASPs are subject to requirements equivalent to those set out by the Audit Directive for statutory auditors that carry out the assurance of sustainability reporting. Article 34(5) first subparagraph of the Accounting Directive requires only Member States that have made use of this option to allow IASPs established in another Member State to carry out the assurance of sustainability reporting in their territory. 64) If the IASP is established in a different Member State, who will have supervisory powers for the work performed by the IASP? Where the IASP carries out the assurance of sustainability reporting in the territory of another Member State (host Member State), the Member State where the IASP is established (home Member State) should be responsible for supervising the work of the IASP unless the host Member State decides to supervise the assurance of sustainability reporting carried out by IASPs in its territory (106). If the host Member State decides to supervise the assurance of sustainability reporting carried out in its territory by IASPs registered in another Member State, the host Member State shall: (i) not impose more stringent requirements or liability on such IASPs than those required for assurance of sustainability reporting by the national laws for the IASPs or auditors established in that host Member State; and (ii) inform other Member States about its decision to supervise the assurance of sustainability reporting carried out by IASPs established in other Member States. 65) Once a Member State has allowed IASPs to be established on its territory, are national undertakings automatically allowed to resort to IASPs to carry out the assurance on sustainability reporting? Yes, undertakings will be allowed to resort to IASPs for the assurance of their sustainability statement once a Member State has allowed IASPs to carry out the assurance on sustainability reporting.

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