题目:The Impact of Mandatory Assurance on Sustainability Assurance Practices
时间：2024年12月27日（周五）10:00-11:30
地点：浙江大学紫金港校区管理学院A423
主讲人：周姗，悉尼大学商学院副教授
主持人：吴依，浙江大学管理学院百人计划研究员
主讲人简介：
Shan's research interests cover reporting and assurance of a range of non-financial information including sustainability information, climate-related information and ESG information. Shan is also known for her research in integrated reporting to highlight the connectivity between financial information and non-financial information. Shan’s research has been published in many leading academic journals including TAR, CAR, AOS and AJPT. Shan's research has attracted significant government fundings including the Australian Research Council (ARC)'s DECRA award and the Discovery award.
摘要：
Regulators worldwide have mandated or are considering mandating sustainability assurance in response to the growing demand for reliable sustainability information. While such a mandate can improve the credibility and standardization of sustainability information, it also introduces significant costs. Given the limited empirical evidence on mandatory sustainability assurance, we investigate this issue using the European context, where the Non-Financial Reporting Directive required sustainability reporting, but only a few countries mandated sustainability assurance. We find that the assurance mandate is associated with increased assurance timeliness, particularly for firms that combine financial and sustainability information in one report, firms with lower sustainability performance, and smaller firms. The mandate is also associated with an expanded assurance scope and a higher likelihood of the same auditor being used for both financial and sustainability reports in firms with combined reporting. In firms with lower sustainability performance, it is linked to an expanded assurance scope and a reduced likelihood of using a Big 4 assurance provider. For smaller firms, the mandate is associated with an expanded assurance scope. Overall, our results show that mandatory sustainability assurance results in more harmonized assurance practices and provider choices across different types of firms.
