Document ID: chunk:federal_register_of_legislation:F2025L00107:front:0:p39
Version: federal_register_of_legislation:F2025L00107
Segment Type: other
Provision Reference: 
Character Range: 134250–139199

the practitioner becomes aware of a matter or obtains new information that is inconsistent with the evidence on which the practitioner originally based the identification and assessment of the risks of material misstatement at the assertion level for the disclosures, the practitioner shall:

 1.                 Revise, if necessary, the assessment of the risks of material misstatement; and

 1.                 Perform additional procedures to obtain further evidence to enable the practitioner to express a reasonable assurance conclusion. (Ref: Para. A463R)

Determining Whether Additional Procedures Are Necessary in a Limited Assurance Engagement

148L. If the practitioner becomes aware of a matter that causes the practitioner to believe the sustainability information may be materially misstated, the practitioner shall design and perform additional procedures to obtain further evidence until the practitioner is able to: (Ref: Para A464L–A467L)

 1.                 Conclude that the matter(s) is not likely to cause the sustainability information to be materially misstated; or

 1.                 Determine that the matter(s) causes the sustainability information to be materially misstated.

The Entity's Process for Assembling the Sustainability Information

Limited Assurance                                                                                                                                                                                                                                        Reasonable Assurance
    149L. The practitioner's procedures shall include the following procedures related to the entity's process for assembling the sustainability information: (Ref: Para. A468)                                                                              149R. The practitioner's procedures shall include the following procedures related to the entity's process for assembling the sustainability information: (Ref: Para. A468)

       1.       Agreeing or reconciling the sustainability information with the underlying records; and                                                                                                                                                         1.       Agreeing or reconciling the sustainability information with the underlying records; and

       2.       Obtaining, through enquiry of management, an understanding of material adjustments made during the course of preparing the sustainability information and considering whether additional procedures are necessary in the circumstances.         2.       Obtaining evidence about material adjustments made during the course of preparing the sustainability information.
                                                                                                                                                                                                                                                             150R. In responding to the risk of management override of controls in accordance with paragraph 123R, the practitioner shall design and perform the following procedures:

                                                                                                                                                                                                                                                                1.       Test the appropriateness of adjustments made by management in the process for assembling the sustainability information;

                                                                                                                                                                                                                                                                1.       Make enquiries of individuals involved in the sustainability reporting process about their knowledge of inappropriate or unusual activity relating to adjustments to sustainability information; and

                                                                                                                                                                                                                                                                2.       Determine whether other procedures are needed in addition to those in paragraphs (a)–(b) above, in order to respond to the risks of management override of controls. (Ref: Para. A469R)
    151L. For group sustainability information, the practitioner shall design and perform further procedures to respond to the assessed risks of material misstatement arising from the aggregation process. Such procedures shall include:                  151R. For group sustainability information, the practitioner shall design and perform further procedures to respond to the assessed risks of material misstatement arising from the aggregation process. Such procedures shall include:

       1.       Obtaining, through