Document ID: chunk:federal_register_of_legislation:F2025L00107:front:0:p75
Version: federal_register_of_legislation:F2025L00107
Segment Type: other
Provision Reference: 
Character Range: 247631–250991

or procedures (including resources). For example, based on information communicated by the firm, the engagement leader may be able to depend on the firm's technological development, implementation and maintenance programs when using firm-approved technology to perform procedures.

Competence and Capabilities of the Engagement Team (Ref: Para. 42)

 1.          When determining that the engagement team has the appropriate sustainability competence and competence and capabilities in assurance skills and techniques, the engagement leader may take into consideration such matters as the team's:

           * Understanding of, and practical experience with, sustainability assurance engagements of a similar nature and complexity through appropriate training and participation.

           * Understanding of professional requirements and applicable legal and regulatory requirements applicable to the engagement.

           * Expertise in the sustainability matters relevant to the engagement.

           * Expertise in IT used by the entity or automated tools or techniques that are to be used by the engagement team in planning and performing the engagement.

           * Knowledge of relevant industries in which the entity operates.

           * Knowledge of laws, regulations or business practices relevant to the entity's operations in a particular jurisdiction.

           * Ability to exercise professional scepticism and professional judgement.

           * Understanding of the firm's policies or procedures.

 1.          Sustainability assurance engagements may relate to a wide range of sustainability matters that require specialised skills and knowledge beyond those possessed by the engagement leader and other members of the engagement team and for which the work of a practitioner's expert is used. A practitioner's expert may be either a practitioner's internal expert (who is a member of the engagement team), or a practitioner's external expert.  A practitioner's internal expert may be a partner or staff (i.e., personnel), including temporary staff, of the practitioner's firm or a network firm. A practitioner's expert may be needed to assist the practitioner in one or more areas.
Examples:

      * Obtaining an understanding of the entity and its environment, including its internal control.

      * Performing risk assessment procedures.

      * Responding to risks, including determining and implementing overall responses to assessed risks of material misstatement of the sustainability information.

      * Evaluating the sufficiency and appropriateness of evidence obtained in forming a conclusion on the sustainability information.

 1.       Considerations when deciding whether to use a practitioner's expert may include:

           * Whether management has used a management's expert in preparing the sustainability information (see paragraph A101).

           * The nature and significance of the sustainability information, including its complexity.

           * The assessed risks of material misstatement.

           * The expected nature of procedures to respond to identified risks, including the practitioner's knowledge of and experience with the work of experts in relation to such matters, and the availability of alternative sources of evidence.

 1.       When management has used a management's