The fact sheet sets out how European countries have transposed the Non-Financial Reporting Directive 2014/95 (NFR) into national law and the impact on the role of the statutory auditor and independent assurance service provider.
Non-financial information (NFI) is crucial for companies, investors and other stakeholders to make sound business decisions. Providing independent assurance on the reported NFI enhances its quality and reliability. The demand for assurance on NFI has been growing steadily, but the practice still varies across Member States.
The factsheet shows that out of the 26 European countries covered:
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12 countries apply the minimum requirement for the statutory auditors to check whether NFI has been provided
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11 countries have an additional requirement to check the consistency of NFI with the financial statements
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3 countries opted for mandatory independent assurance over the NFI
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14 countries indicated to have companies seeking voluntary independent assurance
Full press release on Accountancy Europe
Full factsheet on Accountancy Europe
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