Regulatory Alerts2026-02-17
CSRD Assurance: 4 Pillars for a Robust Approach
The Dutch Authority for the Financial Markets (AFM) issued this report analyzing the first year of CSRD assurance by OOB accounting firms, highlighting significant progress while establishing four key pillars for maintaining quality. The pillars mandate robust quality control systems, specialized assurance teams with effective project management, deep client understanding for precise risk assessment, and work procedures tailored to assurance risks and materiality. The AFM emphasizes that these measures ensure reliable sustainability reporting, though the Omnibus Directive's reduction in scope requires strategic adjustments in capacity and specialization.
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