IFAC says on behalf of the global accountancy profession, it welcomes the opportunity to contribute to the IESSA ED.

The global business community and the accountancy profession are undergoing significant transformation regarding evolving sustainability disclosures. IESBA, like other standard setters, plays a crucial role in this transformation.

We acknowledge the substantial resources and effort the Board has committed to this important project. However, actions taken by standard setters, regulators, and policy makers must effectively influence and engage relevant stakeholders in the business community, including the accountancy profession, on this transformative journey. It is essential for IESBA to positively influence this transformation by developing practical, easily understandable, and sufficiently flexible standards.

Info obtained from https://www.ifac.org/