Document ID: chunk:federal_register_of_legislation:F2025L00107:front:0:p47
Version: federal_register_of_legislation:F2025L00107
Segment Type: other
Provision Reference: 
Character Range: 161827–165659

Matter paragraph, Other Matter paragraph, findings, recommendations or additional information is not intended to detract from the practitioner's conclusion. (Ref: Para. A537–A538)

Assurance Report Content

 1.            The assurance report shall include at a minimum the following basic elements: (Ref: Para. A539, A567–A569)

         1.                 A title that clearly indicates the report is an independent practitioner's limited, reasonable or combined limited and reasonable assurance report. (Ref: Para. A540)

         2.                 An addressee. (Ref: Para. A541)

         3.                 The practitioner's conclusion in the first section of the assurance report, which: (Ref: Para. A542–A552)

                 1.                  Includes a heading reflecting the type of conclusion provided, either:

                         1.                    For unmodified conclusions, "Reasonable Assurance Opinion," "Limited Assurance Conclusion," or appropriate headings for an assurance report for a combined reasonable assurance and limited assurance engagement; or

                         2.                    For modified conclusions, the heading in a. above shall be prefixed with "Qualified," "Adverse," or "Disclaimer of" as appropriate, and, for an assurance report for a combined reasonable and limited assurance engagement, clear identification of which opinion(s) or conclusion(s) is modified;

                 2.                Identifies the entity whose sustainability information has been subject to the assurance engagement;

                 3.              Identifies or describes the level of assurance, either reasonable or limited or different levels of assurance for different parts of the sustainability information, obtained by the practitioner; (Ref: Para. A542)

                 4.              Identifies or describes the sustainability information subject to the assurance engagement, including, if appropriate, the sustainability matters and how that information is reported; (Ref: Para. A543–A544)

                 5.                 Specifies the date of, or period or periods covered by the sustainability information;

                 6.              Expresses a conclusion, which: (Ref: Para. A545L–A547)

                         1.                    For reasonable assurance, shall be expressed in a positive form, that the sustainability information is prepared or fairly presented, in all material respects, in accordance with the applicable criteria; or

                         2.                    For limited assurance, shall be expressed in a form that conveys whether, based on the procedures performed and evidence obtained, a matter(s) has come to the practitioner's attention to cause the practitioner to believe that the sustainability information is not prepared or not fairly presented, in all material respects, in accordance with the applicable criteria;

                 7.            Identifies the applicable criteria, whether framework criteria, entity-developed criteria or both, and, for entity-developed criteria, where it is located; (Ref: A548–A551)

                 8.          The conclusion in paragraph 190(c)(vi) shall be phrased in terms of: (Ref: Para. A545L–A547)

                         1.                    The sustainability information and the applicable criteria; or

                         2.                    A statement made by the appropriate party(ies); and

                 9.              When appropriate, the conclusion shall inform the intended users of the context in which the practitioner's conclusion is to be read. (Ref: Para. A552)

         4.                 The basis for conclusion directly following the Conclusion section, with the heading "Basis for Opinion" for a reasonable assurance report,