Glossary›Connection to the financial statements
Glossary cluster
Cluster F
6 terms
Connection to the financial statements
About this cluster
Where the sustainability report meets the audited accounts. A small cluster with high consequence: this is where both assurers cross-check each other’s work.
Terms in this cluster (6)
F1 · Tier 1 · differentiator
Connected information is the requirement that an entity’s sustainability report and financial report tell one consistent story about the same business.
F2 · Tier 1 · differentiator
Consistency with the financial report is the cross-check both the financial statement auditor and the sustainability assurance provider must perform.
F3 · Tier 1
The sustainability report must cover the same reporting entity and the same reporting period as the financial report.
F4 · Tier 1 · differentiator
A restatement is a correction or recalculation of previously reported emissions figures.
F5 · Tier 1 · differentiator
Comparative information is the prior-year figure shown beside each current-year figure.
F6 · Tier 1
A contingent liability is a possible obligation whose existence depends on a future event, or a present obligation that is not recognised because it cannot be measured reliably or an outflow is not probable.
All glossary clusters
F · Connection to the financial statements