IAASA welcomes signing into law of CSRD Statutory Instrument

 

July 2024
On July 5th 2024 Minister for Enterprise, Trade and Employment, Peter Burke TDsigned into law the Statutory Instrument giving effect to the provisions of the Corporate Sustainability Reporting Directive (CSRD).The SI provides for the following key elements:
 
  • Power for IAASA to regulate the sustainability reporting of entities under IAASA’s remit as accounting enforcer
  • Power for IAASA to adopt a sustainability assurance standard pending the adoption of an EU wide standard by the European Commission
  • Power for recognized accountancy bodies (‘RAB’s’) to approve and register sustainability assurance service providers
  • Power to regulate the provision of sustainability assurance to companies in scope, which will be split between IAASA for PIE’s and RABs for other companies
 
Find out more here.