Transparency Report 2023 - The future of audit transcript

Sotiris Kroustis:
Organisations are now being judged on much more than just their financial performance. In a complex world that is changing at pace stakeholders are looking to businesses for information they can trust.

In the market we’re seeing a rise in ethical consumerism and investors increasingly looking beyond the numbers - to climate, biodiversity, social impact and purpose. And information on regulation, technology and ESG play an important role in helping stakeholders to understand full enterprise value.

In response to this changing environment we're seeing a reporting and regulatory revolution. Companies are expanding their reporting to meet the increased demand for more information and more complex reporting requirements, creating a gap between the information organisations report and what is assured.

We will continue to invest in our people, skills and technology to bridge that gap and address the demand for independent, robust assurance over non-financial information on the areas that matter most.