Document ID: chunk:federal_register_of_legislation:F2025L00107:front:0:p71
Version: federal_register_of_legislation:F2025L00107
Segment Type: other
Provision Reference: 
Character Range: 235522–238998

for the conclusions reached on the engagement is a matter of professional judgement, and may involve consideration of factors such as:

           * The judgement involved in evaluating whether the criteria that the practitioner expects to be applied in the preparation of the sustainability information are suitable for the engagement circumstances.

           * The judgement involved in determining whether the sustainability information in the scope of the assurance engagement is appropriate.

           * The nature and complexity of the sustainability matters.

           * The extent to which the sustainability matters are capable of precise measurement or whether there is a high degree of measurement uncertainty that may need significant knowledge and judgement.

           * The engagement leader's and engagement team's competence and previous experience in relation to sustainability matters.

Relevant Ethical Requirements, Including Those Related to Independence

Engagement Leader Responsibilities for Relevant Ethical Requirements (Ref: Para. 35–37)

 1.          Open and robust communication between the members of the engagement team about relevant ethical requirements may also assist in:

           * Drawing the attention of engagement team members to relevant ethical requirements that may be of particular significance to the assurance engagement; and

           * Keeping the engagement leader informed about matters relevant to the engagement team's understanding and fulfillment of relevant ethical requirements and the firm's related policies or procedures.

 1.          In accordance with ASQM 1, the firm's responses to address the quality risks in relation to relevant ethical requirements, including those related to independence for engagement team members, include policies or procedures for identifying, evaluating and addressing threats to compliance with the relevant ethical requirements.

 2.          Appropriate actions the firm may take to address threats to compliance with relevant ethical requirements may include, for example:

           * Following the firm's policies or procedures regarding breaches of relevant ethical requirements, including communicating to or consulting with the appropriate individuals so that appropriate action can be taken, including as applicable, disciplinary action(s).

           * Communicating with those charged with governance.

           * Communicating with regulatory authorities or professional bodies. In some circumstances, communication with regulatory authorities may be required by law or regulation.

           * Seeking legal advice.

           * Withdrawing from the assurance engagement, when withdrawal is possible under applicable law or regulation.

Assurance Skills and Techniques, Professional Scepticism and Professional Judgement

Professional Scepticism (Ref: Para. 39)

 1.          Professional scepticism is an attitude that includes being alert to, for example:

           * Evidence that is inconsistent with other evidence obtained.

           * Information that calls into question the reliability of responses to enquiries or information intended to be used as evidence.

           * Circumstances that suggest the need for procedures in addition to those required by relevant ASSAs.

           * Conditions that may indicate likely misstatement.

           * Conditions that may indicate possible fraud.

 1.          Professional scepticism is