I’ve been reviewing a few CR/SD reports in light of Ethical Corporation’s conference tomorrow on CR reporting and communications.
Can anyone tell me the point of assurance? I have never understood it.
As an external stakeholder, I don’t expect the company to lie. They might make a mistake or two in the numbers, we all make mistakes.
But a very random audit, which is what assurance seems to be, is probably not going to pick that up anyhow.
And the assuring companies are not firms I trust to provide a challenging opinion to management.
There is too much money at stake for them to do that.
Is it then, to help management feel sure they are doing their jobs? I thought that’s what internal controls and performance reviews were for.
Surely the views of challenging stakeholders would provide a much better impetus for improvement.
So what is the point of corporate sustainability report assurance?
Did I miss a meeting? Or a decade of them? I guess I did.