EU Taxonomy Regulation for Auditors
What does EU Taxonomy Regulation require of a Auditor?
Regulation (EU) 2020/852 of 18 June 2020 establishing a framework to facilitate sustainable investment ('the Taxonomy Regulation'). Under EU Taxonomy Regulation, which defines 16 controls, a Auditor's work is deciding which controls you own outright, which you share and which belong to another team, then holding the evidence for the first group.
Which EU Taxonomy Regulation controls land on the Auditor
Internal Auditors assess whether compliance controls are operating effectively. They plan and execute audit engagements, evaluate evidence, report findings, and track remediation of identified gaps and nonconformities.
EU Taxonomy Regulation defines 16 controls across 8 domains that directly affect the Auditor role. Understanding which controls fall within your ownership, which are shared, and which are owned by other teams is the foundation of effective compliance management.
What a Auditor is accountable for under EU Taxonomy Regulation
Planning and executing risk-based audit engagements against compliance frameworks
Evaluating control design and operating effectiveness through testing
Documenting findings, observations, and recommendations in audit reports
Tracking remediation actions and verifying closure of audit findings
Assessing organisational readiness for external audits and certifications
Where Auditors lose time on EU Taxonomy Regulation
These are the most common obstacles Auditors face when managing EU Taxonomy Regulation compliance, and how to address them:
Challenge 1
Efficiently testing controls across large, complex frameworks
Challenge 2
Accessing reliable evidence without disrupting business operations
Challenge 3
Mapping controls across multiple frameworks to avoid duplicate audit testing
Challenge 4
Keeping audit programmes current with regulatory and framework changes
Challenge 5
Communicating audit findings in a way that drives management action
A working order for a Auditor starting on EU Taxonomy Regulation
1. Readiness Assessment
Take a 5-minute readiness assessment to identify your organisation's current gap profile against EU Taxonomy Regulation. Get a prioritised action plan tailored to your specific situation.
2. Cross-Framework Mapping
Use our platform to map EU Taxonomy Regulation controls against other frameworks you already comply with. EU Taxonomy Regulation maps to 2 other frameworks in our database.
3. Build Your Toolkit
Equip yourself with EU Taxonomy Regulation toolkits, self-assessments, and implementation guides from our store. Resources designed specifically for Auditors managing compliance programmes.
4. Continuous Monitoring
Establish ongoing compliance monitoring using our platform's gap analysis tools. Track your maturity over time and demonstrate progress to stakeholders.
EU Taxonomy Regulation in your sector
Who else owns part of EU Taxonomy Regulation
Questions Auditors ask about EU Taxonomy Regulation
What does a Auditor need to know about EU Taxonomy Regulation?
How does EU Taxonomy Regulation affect the Auditor role?
What are the biggest EU Taxonomy Regulation challenges for Auditors?
How should a Auditor prepare for a EU Taxonomy Regulation audit?
What tools help Auditors manage EU Taxonomy Regulation compliance?
Auditor: How ready is your organisation for EU Taxonomy Regulation?
Answer 25 questions and get a professional readiness report with gap analysis, maturity scores, and prioritised action items. Results in 5 minutes.