ACCA and the Internal Audit Foundation have issued joint research that highlights how robust and accurate data underpins organisations’ sustainability strategies and identifies steps for success
Bengaluru, October 07,2025: In a world of data, which information to trust and in what circumstances is a key business issue, especially when it comes to sustainability-related data. ACCA (the Association of Chartered Certified Accountants) and The Institute of Internal Auditors’ (IIA) Internal Audit Foundation have explored the issues and opportunities for businesses and other organisations and have prepared a practical report that offers recommendations and an action plan.
The new report Internal control over sustainability data reveals that there is a real opportunity for accountancy, finance and internal audit professionals to drive the sustainability agenda by applying internal control principles to sustainability-related data. Together they can deliver strategically important, meaningful work and make a strong contribution to building sustainable businesses, which are essential for the future of the capital markets, the global economy and the planet.
Helen Brand OBE, chief executive of ACCA, said: ‘Trust in sustainability data is vital if we’re going to be successful in driving forward a more sustainable world, and a robust and effective approach to internal controls inside businesses is crucial to achieving this. Through this leading-edge research, we’re equipping accountancy, finance and internal audit professionals with the knowledge they need for the evolving sustainability landscape.’
Anthony J. Pugliese, President and CEO of The Institute of Internal Auditors, said: ‘By focusing on how we apply internal controls to sustainability data, our professions can collectively strengthen trust, support better decisions, and help build truly sustainable businesses. This report offers a clear path forward and a compelling call to action for accountancy, finance, and internal audit professionals to lead the way.’
Drawing on interviews with more than 50 accountancy, finance and internal audit professionals, along with responses from over 900 survey respondents, the report has three key messages:
- The nature of the process flows related to sustainability data require a reappraisal of the accepted internal control concepts to ensure they are applied appropriately.
- Successful implementation of internal control over sustainability data fundamentally relies upon the executive and management of the organisation embedding sustainability objectives as core strategic objectives, monitored by robust key performance indicators (KPIs).
- Data ownership that embraces internal control must be established, especially in areas where control consciousness is not fundamental to personal conduct, and all those involved in internal control must have the appropriate skill sets to fulfil their responsibilities.
The research was conducted as part of a long-standing memorandum of understanding between ACCA and The Institute of Internal Auditors (The IIA). Under the agreement, the two bodies are focused on advancing their members’ careers, enhancing governance practices, and serving the public interest.
