Document ID: chunk:federal_register_of_legislation:F2025L00107:front:0:p62
Version: federal_register_of_legislation:F2025L00107
Segment Type: other
Provision Reference: 
Character Range: 208238–211623

title of partner.

Reporting Boundary

 1.          In some cases, framework criteria may specify the reporting boundary. In other circumstances, the reporting boundary may be determined by the entity, in which case the reporting boundary will be part of the entity-developed criteria. The reporting boundary may vary for different topics or aspects of topics (e.g., some key performance indicators may have different boundaries from other key performance indicators because of the nature of the sustainability matters).

 2.          Although the entity's sustainability information and financial report may relate to the same reporting entity, the reporting boundary for sustainability information may differ from the boundary for purposes of preparing financial report. For example, the reporting boundary for sustainability information may include activities, operations, relationships, or resources up and down the entity's value chain. An entity's supply chain is part of the value chain.

Substantive Procedures

 1.          Analytical procedures performed to respond to an assessed risk of material misstatement are substantive in nature and therefore this ASSA requires the practitioner to develop an expectation as the basis for evaluating the results of those procedures (see paragraphs 143L and 143R). Analytical procedures may also be used as risk assessment procedures to help identify inconsistencies, unusual events or conditions, and amounts, ratios, and trends that indicate matters that may have implications for the engagement. Unusual or unexpected relationships that are identified may assist the practitioner in identifying risks of material misstatement, including risks of material misstatement due to fraud.

Sustainability Information

 1.          As explained in paragraph 2, sustainability information is information about sustainability matters and may cover a number of topics and aspects of those topics. Paragraph 2 also explains that law or regulation or sustainability reporting frameworks may describe sustainability matters, topics or aspects of topics in different ways. Examples of topics and aspects of topics include the following:
Topics
                    * Climate, including emissions

                    * Energy, such as type of energy and consumption
Environmental
                    * Water and effluents, such as water consumption and water discharge

                    * Biodiversity, such as impacts on biodiversity or habitats protected and restored
                    * Labour practices, such as diversity and equal opportunity, training and education, and occupational health and safety

Social              * Human rights and community relations, such as local community engagement, impact assessments and development programs

                    * Customer health and safety
Governance          * Monitoring, managing and overseeing sustainability matters and their related impacts

Aspects of Topics
     * Impact analysis, including magnitude of impact

     * Strategy and business model

     * Risks and opportunities

     * Innovation to address risks and opportunities

     * Financial effects arising from risks and opportunities

     * Risk management or mitigation

     * Governance

     * Metrics and key performance indicators

     * Targets

     * Internal control over monitoring and managing risk