Extra-financial audit: the statutory auditors ready to take up the challenge

The role of CACs in the implementation of CSRD

During his speech, the Minister of Justice confirmed his desire to facilitate access for CACs to corporate sustainability reporting missions, the requirements of which will be changed by the Corporate Sustainability Reporting Directive (CSRD). For the minister, CSRD is “one of the successes of the French Presidency of the Council of the European Union” and
will considerraise the transparency requirements for large French companiesvscomfortable and European»in relation to environment, society and governance (ESG). To avoid “greenwashing operation», the seal keeper recalled the responsibilities of the CACs established by the CSRD at the beginning of its implementation in French law: It will be dnow mandatoryrevise sustainability data. This mandatory audit is an absolutely major turning point for your profession. The European Union appoints you on
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these revisions. This is a huge recognition for your profession.”

The CACs, soon to be exempted from Cofrac accreditation

Yannick Ollivier, president of the Compagnie Nationale des Commissaires aux Comptes, questioned the minister about Cofrac accreditation, which is mandatory to carry out sustainability audits. “Too restrictive, redundant and discouraging. Our statute is enough”, says Yannick Ollivier. In response, Eric Dupond-Moretti expressed his desire to exempt the CACs from Cofrac accreditation for these controls. “I wish thaton
Due to the implementation of the directive, this accreditation is no longer necessary for statutory auditors.” A long-awaited announcement, according to the applause received.

H3C, “reference supervisor”

Another announcement welcomed by the meeting is the development of the powers of the High Council of Statutory Auditors (H3C) in relation to extra-financial information. The minister wants the body “can become the reference supervisor with regard to the control and sanctioning of all non-financial auditing actors and ensure a uniform application of the rules.” Supported by the President of H3C, Florence Peybernès, this measure would certainly place the CACs at the heart of sustainability issues.

New educational paths

Concerned about the concentration of skills in sustainability auditing, Yannick Ollivier recalled the need to attract new talent to the profession and ensure constant training of teams. Eric Dupond-Moretti ensures support for the creation of new education courses. He wants basic and continuing education to include sustainability audits”at the highest level of expertise.In order to attract new profiles, the prospect of further opening access routes to the profession was also mentioned.

50 professionals united in a sustainability committee

To support companies moving towards more ESG commitments – Environmental, Social and Governance – CNCC has operated for two years by establishing a sustainability committee. About fifty experts worked. On the agenda: regulatory monitoring, preparation of technical opinions on sustainability reporting and work on positioning the profession. There is no doubt that CACs will feature prominently in the shift towards sustainable growth, and face a major challenge summarized by Carole Cherrier, co-chair of the Sustainability Committee: set ESG reporting to memy level as financial reporting.»

Suzanne Bruneau – 7 days in Brittany – for ResoHebdoEco

The 33rd national meeting of statutory auditors gathered more than 1,100 people. © Leonard de Serres

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