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AFRC Study Advocates for Improved Sustainability Assurance Practices and Urges Auditors to Incorporate Climate Risks in Financial Audits
27 Jan, 2025

The Accounting and Financial Reporting Council (AFRC) today publishes a study on Market Readiness for Sustainability Reporting and Assurance in Hong Kong. 

 

Understanding the market is crucial for developing robust regulations, the study focuses on the readiness of listed entities for sustainability reporting and assurance, and the readiness of public interest entity (PIE) auditors to provide sustainability assurance and practices to address climate-related risks in financial audits.  This also allows the AFRC to identify areas for capacity-building to support the roadmap implementation. 

 

The study was conducted in two parts: first, an analysis of sustainability assurance by 82 listed entities in the Hang Seng Index (HSI), and second, two surveys on listed entities and PIE auditors regarding their practices and plans. 

 

For details, please click here.