S.L. 386.31 Art. 33Assurance standards for sustainability reporting.      Cap. 281.

(1) Auditors and audit firms shall carry out the assurance of sustainability reporting in compliance with the assurance standards adopted by the Commission providing initially for limited assurance standards setting out the procedures that the auditors and the audit firms shall perform in order to draw their conclusions on the assurance of sustainability reporting, including engagement planning, risk consideration and response to risks and type of conclusions to be included in the assurance report on sustainability reporting or, where relevant, in the audit report:

Provided that as long as the Commission has not adopted such assurance standards, auditors and audit firms shall carry out the assurance of sustainability reporting in compliance with standards as adopted in terms of the Accountancy Profession Act and any regulations issued thereunder.

(2) Auditors and audit firms shall, from time to time, carry out the assurance of sustainability reporting in compliance with reasonable assurance standards to be adopted by the European Commission.