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ASSA 5000
   (January 2025)

Standard on Sustainability Assurance ASSA 5000
General Requirements for Sustainability Assurance Engagements

Issued by the Auditing and Assurance Standards Board

Obtaining a Copy of this Standard on Sustainability Assurance

This Standard on Sustainability Assurance is available on the Auditing and Assurance Standards Board (AUASB) website: www.auasb.gov.au

Contact Details
Auditing and Assurance Standards Board
Phone: (03) 8080 7400
E-mail: enquiries@auasb.gov.au

Postal Address:
PO Box 204, Collins Street West
Melbourne   Victoria   8007
AUSTRALIA

COPYRIGHT

© 2025 Commonwealth of Australia.  The text, graphics and layout of this Standard on Sustainability Assurance are protected by Australian copyright law and the comparable law of other countries.  Reproduction within Australia in unaltered form (retaining this notice) is permitted for personal and non‑commercial use subject to the inclusion of an acknowledgment of the source as being the Australian Auditing and Assurance Standards Board (AUASB).

Requests and enquiries concerning reproduction and rights for commercial purposes within Australia should be addressed to the Director – National, Auditing and Assurance Standards Board, PO Box 204, Collins Street West, Melbourne, Victoria 8007 or sent to enquiries@auasb.gov.au.  Otherwise, no part of this Standard on Sustainability Assurance may be reproduced, stored or transmitted in any form or by any means without the prior written permission of the AUASB except as permitted by law.

This Australian Standard on Sustainability Assurance reproduces substantial parts of the corresponding International Standard on Sustainability Assurance issued by the International Auditing and Assurance Standards Board (IAASB).  The AUASB acknowledges that the International Federation of Accountants is the owner of copyright in the International Standard on Auditing incorporated in this Standard on Sustainability Assurance throughout the world.

All existing rights in this material are reserved outside Australia.  Reproduction outside Australia in unaltered form (retaining this notice) is permitted for personal and non-commercial use only.

Further information and requests for authorisation to reproduce this Standard on Sustainability Assurance for commercial purposes outside Australia should be addressed to the Director – National, Auditing and Assurance Standards Board, PO Box 204, Collins Street West, Melbourne, Victoria 8007 or sent to enquiries@auasb.gov.au.  Any decision to approve a request may also require the agreement of IFAC.

ISSN 1030-603X

CONTENTS

PREFACE

AUTHORITY STATEMENT

CONFORMITY WITH INTERNATIONAL STANDARDS ON AUDITING

Paragraphs

Application......................................................Aus 0.1-Aus 0.2

Operative Date...................................................Aus 0.3-Aus 0.4

Introduction..............................................................1-7

Scope of this ASSA.........................................................8-14

Effective Date..............................................................15

Objectives..............................................................16-17

Definitions................................................................18

Requirements

Conduct of an Assurance Engagement in Accordance with the ASSAs...................19-25

Acceptance and Continuance of the Assurance Engagement...........................26-29

Firm-level Quality Management.................................................30

Engagement-level Quality Management.........................................31-63

Fraud and Non-Compliance with Laws and Regulations..............................64-67

Communication with Management and Those Charged with Governance....................68

Documentation...........................................................69-74

Preconditions for an Assurance Engagement......................................75-84

Terms of the Assurance Engagement............................................85-88

Evidence................................................................89-94

Planning...............................................................95-102

Risk Assessment Procedures...............................................103L-125

Responding to Risks of Material Misstatement..................................126L-152

Accumulation and Consideration of Identified