- The ICAI created the first audit standard of its sort in the planet’s history to help its members give reporting organizations "reasonable or limited" confidence in sustainable information.
- This action is significant because it is being taken at the same time that the market regulator, the Securities and Exchange Board of India (SEBI), is considering conducting a "mandatory audit" of the Business Responsibility and Sustainability Reporting (BRSR) reports that the top 1,000 listed companies are already required to include as part of their annual reports for the fiscal year 2022–2023. (FY23).
- SEBI had expanded the Business Responsibility Reporting (BRR) obligation to encompass the top 1,000 listed businesses by market capitalization for the fiscal year 2019–20 in December 2019. (FY20).
- 16 Social Audit Standards (SAS) have now been released by the ICAI and will be used by social firms on the social stock exchange.
- Sanjeev Singhal leads the ICAI's Sustainability Reporting Standards Board (SRSB). ICAI’s president is Debasish Mitra.
Question:
Q.1 Who released The Standard on Sustainability Assurance Engagements (SSAE) 3000, "Assurance Engagements on Sustainability Information”?
a. ICAI
b. DRDO
c. SEBI
d. NABARD
a. ICAI
b. DRDO
c. SEBI
d. NABARD
