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SOC Attestation
Independent opinion attesting to the commitment of service providers to sound internal controls
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Audit and review of financial statements
Credibility of your company's accounting activities in accordance with the legislation in force
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Assurance of Non-Financial Reports
It aims to meet the needs of the business, being able to contemplate different bases and sectorial and global development guidelines
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Assurance of Integrated Reporting and Sustainability Reports
Differential for rendering accounts and demonstrating the engagement of organizations in relation to sustainable practices and their generation of value
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Assistance in accounting definitions
Quality, comparability and transparency of financial information in your company
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Accounting, Labor and Tax Compliance
Permanent diagnostics and advice to raise the level of controls and mitigate risks
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Pre-Audit Diagnosis
Diagnostics capable of offering support according to the purpose and needs of the business
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Assessment reports for consolidations, spin-offs, and mergers
Technical evaluation of net assets at book value or of net assets adjusted to market prices
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Capital Markets
Complete analysis and preparation for strategic fundraising operations
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Business Consulting
Approaches compatible with technologies that support corporate decision-making and stimulate innovation
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Strategy & Transactions
Performance of operations and capital structure to enable more efficient corporate transactions
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FIDS – Forensic, Investigation & Dispute Services
Identification, protection and prevention of risks to preserve business integrity and security
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Risk and Compliance - BRS
Risk management, process improvement to achieve strategic objectives
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Judicial Administration in Business Recovery
Global teams and structures to work with the deep knowledge, legality and ethics that the issue requires
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Business Restructuring and Recovery
Assertive plans and agile actions to recover your company's strategy and performance
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Global Mobility Services
International mobility programs in compliance with local tax legislation and optimized costs
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Home page
Financial Statements
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Transfer Pricing
Review or elaboration of calculations that allow the most assertive compliance in operations abroad
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Labor & Social Security
Identification of existing risks and opportunities according to the current moment and future perspectives
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Direct tax
Agile strategies for complying with laws and enabling regional and sectoral tax incentives
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Indirect tax
Specialized support capable of increasing legal certainty involving different laws and jurisprudence
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International Tax
Analysis and planning of scenarios in different jurisdictions, with integration into the Brazilian scenario
The Project Task Force on European Sustainability Reporting Standards (PTF-ESRS) has had the sole responsibility of preparing draft ESRS and EFRAG has now launched these EDs for public consultation.
These EDs will represent the first set of standards required under the CSRD proposal and cover the full range of sustainability matters, which are environment, social, governance and cross-cutting standards.
EXPOSURE DRAFTS (EDS)
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ESRS 1 - General principles
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ESRS 2 - General, strategy, governance and materiality assessment
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ESRS E1 - Climate change
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ESRS E2- Pollution
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ESRS E3 - Water and marine resources
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ESRS E4 - Biodiversity
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ESRS E5 - Resource use and circular economy
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ESRS S1 - Own workforce
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ESRS S2 - Workers in the value chain
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ESRS S3 - Affected communities
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ESRS S4 - Consumers and end users
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ESRS G1 - Go vernance , risk management and internal control
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ESRS G2 - Business conduct
EFRAG is seeking feedback on:
- The overall ESRS architecture, content and substance, and specifically:
- on the practicality and efficiency of the proposed approach to materiality
- whether the ESRS and the proposed disclosure requirements do promote relevant, verifiable, understandable, comparable information and ultimately are adequate to support the production of faithful information
- whether the ESRS and the proposed disclosure requirements do strike the right balance between relevance, feasibility, preparation costs and decision-usefulness
- the completeness of the ESRS, in terms of datapoints and of disclosure requirements, per each sustainability topics / subtopics, and
- The implementation prioritisation/phasing-in opportunities and options to ensure the ESRS strike the right balance between covering all CSRD requirements and stakeholders’ expectations, paying particular attention to sustainable finance related needs, while achieving a reasonably ambitious enhancement of current reporting practices.
Closing date for submissions
EXPOSURE DRAFTS (EDS)
The closing date for submissions to EFRAG is 8 August 2022, so we recommend that a prompt start to evaluating the EDs and their potential impact as they are currently drafted.
Our thoughts
We welcome the release of these proposed sustainability reporting standards because they will enable European preparers that are captured by the CRSD to provide sustainability disclosures that should meet the information of a wide number of stakeholders. These EDs are intended to build on and be compatible with those issued by the ISSB, which should reduce the amount of effort needed to comply with both sets of standards. Grant Thornton will be reviewing these EDs and providing written comments back to EFRAG for its consideration by the due date.
If you would like to discuss any of the points raised, please speak to your usual Grant Thornton contact or your local member firm.