Document ID: chunk:federal_register_of_legislation:F2025L00107:front:0:p48
Version: federal_register_of_legislation:F2025L00107
Segment Type: other
Provision Reference: 
Character Range: 165378–169229

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, "Basis for Conclusion" for a limited assurance report, or appropriate heading(s) for an assurance report for a combined reasonable and limited assurance engagement that:

                 1.                  States that the engagement was conducted in accordance with ASSA 5000 General Requirements for Sustainability Assurance Engagements; (Ref: Para. A553)

                 2.                For a limited assurance engagement, states that:

                         1.                    The procedures in a limited assurance engagement vary in nature and timing from, and are less in extent than for, a reasonable assurance engagement; and

                         2.                    Consequently, the level of assurance obtained in a limited assurance engagement is substantially lower than the assurance that would have been obtained had a reasonable assurance engagement been performed;

                 3.              Refers to the section of the assurance report that describes the practitioner's responsibilities in accordance with this ASSA (see paragraph 190(h));

                 4.              States that the practitioner complies with the independence and other ethical requirements of:

                         1.                    The Code related to sustainability assurance engagements; or

                         2.                    Other professional requirements or requirements in law or regulation, and shall:

                       1.                      Identify those requirements; and

                       2.                    Disclose the name of the appropriate authority that has determined such requirements to be at least as demanding as the provisions of the Code related to sustainability assurance engagements;

                  1.                 If the relevant ethical requirements require the practitioner to publicly disclose when the practitioner applied independence requirements specific to sustainability assurance engagements of certain entities, the statement in accordance with part (iv) above shall indicate that the practitioner is independent of the entity in accordance with the independence requirements applicable to the sustainability assurance engagements of those entities; (Ref: Para. A554)

                  2.              States that the firm of which the practitioner is a member applies:

                          1.                    ASQM 1; or

                          2.                    Other professional requirements, or requirements in law or regulation, and shall:

                       1.                      Identify those requirements; and

                       2.                    Disclose the name of the appropriate authority that has determined such requirements to be at least as demanding as ASQM 1;

                  1.            States whether the practitioner believes that the evidence the practitioner has obtained is sufficient and appropriate to provide a basis for the practitioner's conclusion; and

                  2.          If the practitioner expresses a modified conclusion, provides a description of the matter(s) giving rise to the modification.

 1.                 Where applicable, a section with a heading "Other Information," containing the matters in accordance with paragraph 202.

 2.                  A section with the heading "Responsibilities for the Sustainability Information" that:

         1.                  States that management or those charged with governance, as appropriate, is responsible for: (Ref: Para.