Our contributions to public consultations

In delivering constructive audit and assurance work, we promote transparency, share insights, and build confidence in corporate reporting. This is why, as part of our responsibility to serve the public interest, we regularly contribute to the public debate on some of today’s most important socioeconomic issues facing business, government, and society; this as an integral part of our mission as auditors.

Financial audit

Financial audit is the cornerstone to the whole audit ecosystem. Around the world, the biggest entities are mandated to account for their financial performance and fill the information gap with their stakeholders through audit reports. To address new expectations and requirements, as well as to adapt to the development of new audit technology and practices, the financial audit regulatory landscape keeps moving at national and international levels. Key Forvis Mazars contributions to public consultations on financial audit include:

Response to the Treasury Consultation on the Regulation of accounting, auditing, and consulting firms in Australia (June 2024) .pdf - 966.62KB

Response to Exposure Draft of IAASB ISA-240-Revised (June 2024) .pdf - 368.46KB

Response to DBT Smarter Regulation call for evidence (January 2024) .pdf - 634.68KB

Contribution to the EC public consultation on Corporate Reporting – improving its quality and enforcement (February 2022) .pdf - 77.62KB

For Forvis Mazars contributions and comments on the IFRS, please click here.

ESG audit

As a new field of audit, sustainability reporting regulations are being established in the EU and beyond. Forvis Mazars actively contributes to the conversations on the future of audit and the need to adapt audit regulations, standards and frameworks to new ESG expectations. Key Forvis Mazars contributions to public consultations on ESG audit include:

Response to IESBA Consultations on Ethical Standards for Sustainability Assurance (April 2024) .pdf - 247.35KB

Response to IESBA Consultations on Use of the work of experts (April 2024) .pdf - 200.88KB

Feedback to IPSASB work plan 2024-2028 (February 2024) .pdf - 130.37KB

Response to the Exposure Draft of the proposed ISSA 5000 (December 2023)

Contribution to the call for evidence on UK endorsement of IFRS S1 & IFRS S2 (October 2023) .pdf - 90.14KB

Contribution to the EC consultation on the 1st set of ESRS (July 2023) .pdf - 20.59KB

Response to the public consultation on the first set of Draft ESRS (August 2022)

Comment letter on the ISSB first Exposure Draft - IFRS S1 (July 2022) .pdf - 187.89KB

Comment letter on the ISSB first Exposure Draft - IFRS S2 (July 2022) .pdf - 205.44KB

Contribution to the EC consultation on the Corporate Sustainability Due Diligence Directive (CS3D) proposal (May 2022) .pdf - 99.09KB

Contribution to EC consultation on CSRD proposal (July 2021) .pdf - 90.17KB

Feedback to the IFRS Consultation Paper on Sustainability Reporting (December 2020) .pdf - 357.68KB

Algorithm audit

Around the world, regulatory initiatives to assess the impact of algorithmic decision-making systems and mitigate related risks are being developed quickly. As an initial attempt, the EU took the lead and requires the biggest digital players to account for the societal risks they pose to citizens, and these obligations will have to be audited. Other jurisdictions are considering similar frameworks and wish to extend them to the tricky question of the safe and ethical use of artificial intelligence (AI). Key Forvis Mazars contributions to public consultations on algorithm audit include:

Contribution to EC consultation on the draft Delegated Act supplementing Regulation - EU (June 2023) .pdf - 103.05KB