Stories
ICAI Unveils New Sustainability Assurance Standard SSA 5000, Effective April 2027
N
News18•20-09-2026, 14:15
ICAI Unveils New Sustainability Assurance Standard SSA 5000, Effective April 2027
- •The Institute of Chartered Accountants of India (ICAI) has issued SSA 5000, a new Standard on Sustainability Assurance, aligning with global standards.
- •Applicable from April 1, 2027, SSA 5000 aims to boost investor and stakeholder confidence in sustainability disclosures.
- •The standard covers an entity's sustainability information disclosures, including climate, labor practices, and biodiversity.
- •SSA 5000 includes carve-outs from the International Standard on Sustainability Assurance (ISSA 5000), specifically excluding provisions for joint audits and forward-looking statements.
- •This new standard will replace existing frameworks like SSA 3000 and SAE 3410 from April 2027, broadening the scope of sustainability assurance in India.
Key Questions Answered
SSA 5000 is the new Standard on Sustainability Assurance issued by the Institute of Chartered Accountants of India (ICAI), and it will be applicable starting from April 1, 2027. This principles-based framework pertains to an entity's disclosures on topics like climate, biodiversity, and labour practices.
SSA 5000 has been prepared with two specific carve-outs from the International Standard on Sustainability Assurance (ISSA 5000), which exclude the provisions regarding joint audits and forward-looking statements.
When SSA 5000 becomes effective in April 2027, the existing standards that already provide a framework for sustainability reporting in India, specifically SSA 3000 and SAE 3410, will stand withdrawn.
