Usman Hayat

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Usman Hayat is a former content director at the CFA Institute, former executive director at the Securities and Exchange Commission of Pakistan (SECP), and former CEO of the Audit Oversight Board (Pakistan)

Usman Hayat

Feb 24 2022

ESG Disclosure: How Can External Assurance Help Build Trust?

Illuminem Voices

Environmental Sustainability · ESG

Trust makes the economy go ’round. There is a very good reason why financial statements must be audited by an external auditor: Because it builds trust. Sustainability and environmental, social, and governance (ESG) reporting is also undergoing external assurance in order to nurture trust. Ninety-one percent of 1,400 companies across 22 jurisdictions report some level of sustainability information and 51% offer some level of assurance.