Mandatory Assurance Audit of Sustainability Reports: Insights from Independent Auditors

Abstract

Purpose – The aim of the study is to reveal the general opinions of independent auditors regarding the mandatory assurance audit of sustainability reports, their levels of preparation and expertise, and their recommendations on this subject. In this context, it is aimed to develop the mandatory assurance audit process of sustainability reports and to contribute to the expected benefit of this practice.
Design/Methodology/Approach – Qualitative research was applied including data collection process with structured interview, obtained from 11 independent auditors. The data was examined in detail with an inductive approach based content analysis method.
Findings - According to the findings, independent auditors consider making sustainability reporting and assurance auditing mandatory as a correct decision and they welcome being given this task. However, it is seen that both independent auditors and the process are open to development in this regard. Sustainability experts should be included in audit teams. It is emphasized that, in the current situation, independent auditors do not have sufficient knowledge and experience regarding sustainability reporting and assurance auditing, and this lack of knowledge and experience should be eliminated as soon as possible.
Discussion – In order to improve the sustainability reporting and assurance audit process, in the short run, it is thought that the number and quality of training accredited by the Public Oversight Authority (KGK) should be increased. On the other hand, in the long run, it is suggested that the accounting science and the curriculum of accounting-related and field-related departments in universities should be revised.