Core Insights - The International Auditing and Assurance Standards Board (IAASB) has released illustrative sustainability assurance reports to aid practitioners in applying ISSA 5000 [1][4] - The new set of reports provides detailed examples relevant to daily practice, expanding on the previous four sample reports [2] - The reports cover various scenarios, including reviewing sustainability disclosures under IFRS S1 and S2, assessing sustainability reports, and combining different assurance types [3] Group 1 - The illustrative reports demonstrate practical applications of ISSA 5000, aimed at enhancing the consistency of sustainability assurance engagements [1][4] - The new examples include five cases where unmodified assurance conclusions are provided, addressing real-world application challenges [2][4] - Additional scenarios illustrate how to draft reports with modified conclusions, such as qualified conclusions and disclaimers [3][4] Group 2 - In September, IAASB updated the definition of publicly traded entities to align with the International Ethics Standards Board for Accountants' Code of Ethics [5] - This update affects both International Standards on Quality Management (ISQMs) and International Standards on Auditing (ISAs) [5]