Accountancy Europe has responded to EFRAG’s discussion paper on the connectivity of financial and sustainability reporting.
The professional body:
- Supports the high-level definition of connectivity set out in the paper as a “useful starting point”
- Calls for an appreciation of the differences between the two types of reporting, and an understanding of the existence of two separate reports which “sometimes also result in asymmetric connectivity need”
- Argues that cross-referencing and negative statements can be “connectivity enablers”
- Urges EFRAG and the IFRS Foundation to support a common understanding of connectivity and to promote the consistent application of existing reporting requirements