Engagement to Express Assurance by Registered Auditors on the Sustainability Report of Pension Funds
Engagement to Express Assurance by Registered Auditors on the Sustainability Report of Pension Funds

Author(s): Maia Natchkova
Subject(s): Economy, Business Economy / Management, Financial Markets, ICT Information and Communications Technologies
Published by: Икономически университет - Варна
Keywords: sustainability; certified expert accountants; registered auditors; pension funds; expression of assurance
Summary/Abstract: The expression of assurance by certified expert accountants, registered auditors on the Sustainability Report of pension funds increases the trustworthiness and reliability of sustainability reporting and disclosure by performing an independent financial audit of both financial and non-financial information related to the three components of sustainability. Transparent communication improves stakeholders’ understanding and trust in the presented sustainability information. Registered auditors must draft a conclusion on whether the information disclosed in the Sustainability Report of pension funds contains any material misstatements and whether the information disclosed in their statements is sufficient and relevant. Auditing the sustainability reports poses different challenges for registered auditors compared to those in the course of the audit of pension funds’ financial statements, as auditors primarily review “verbal” information rather than financial information – concrete data and values. Auditors must question and critically assess the reliability and accuracy of sustainability information.

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