Document ID: chunk:federal_register_of_legislation:F2025L00107:front:0:p2
Version: federal_register_of_legislation:F2025L00107
Segment Type: other
Provision Reference: 
Character Range: 3675–9079

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 Misstatements........................153-161

Evaluating the Description of Applicable Criteria....................................162

Subsequent Events.......................................................163-164

Written Representations from Management and Those Charged with Governance.........165-170

Other Information.......................................................171-177

Forming the Assurance Conclusion...........................................178-187

Preparing the Assurance Report.............................................188-212

Application and Other Explanatory Material

Introduction............................................................A1-A11

Scope of this ASSA.....................................................A12-A15

Definitions..........................................................A16R-A46

Conduct of an Assurance Engagement in Accordance with the ASSAs.................A47-A57

Acceptance and Continuance of the Assurance Engagement........................A58-A67

Firm-level Quality Management............................................A68-A74

Engagement-level Quality Management......................................A75-A161

Fraud and Non-Compliance with Laws and Regulations.........................A162-A165

Communication with Management and Those Charged with Governance.............A166-A170

Documentation.......................................................A171-A183

Preconditions for an Assurance Engagement..................................A184-A218

Terms of the Assurance Engagement.......................................A219-A224

Evidence...........................................................A225-A276

Planning............................................................A277-A312

Risk Assessment Procedures.............................................A313-A419

Responding to Risks of Material Misstatement...............................A420-A469R

Accumulation and Consideration of Identified Misstatements.....................A470-A498

Evaluating the Description of Applicable Criteria..............................A499-A501

Subsequent Events....................................................A502-A505

Written Representations from Management and Those Charged with Governance.......A506-A507

Other Information.....................................................A508-A518

Forming the Assurance Conclusion........................................A519-A536

Preparing the Assurance Report...........................................A537-A602

Appendix 1: Sustainability Matters and Sustainability Information

Appendix 2: The Practitioner's Consideration of the Entity's Process to Identify Sustainability Information to be Reported

Appendix 3: Illustrations of Assurance Reports on Sustainability Information

preface

Reasons for Issuing ASSA 5000

The AUASB issues Standard on Sustainability Assurance ASSA 5000 General Requirements for Sustainability Assurance Engagements pursuant to the requirements of the legislative provisions and the Strategic Direction explained below.

The AUASB is a non-corporate Commonwealth entity of the Australian Government established under section 227A of the Australian Securities and Investments Commission Act 2001, as amended (ASIC Act).  Under section 336 of the Corporations Act 2001, the AUASB may make Standards on Sustainability Assurance for the purposes of the corporations legislation.  These Standards on Sustainability Assurance are legislative instruments under the Legislation Act 2003.

Under the Strategic Direction given to the AUASB by the Financial Reporting Council (FRC), the AUASB is required, inter alia, to develop auditing standards that have a clear public interest focus and are of the highest quality.

Main Features

This Standard on Sustainability Assurance is the Australian equivalent of ISSA 5000 General Requirements for Sustainability Assurance Engagements. This Standard is a new overarching standard for assurance on sustainability reporting that is:

      * Responsive to the public interest need for a timely standard that supports the consistent performance of quality sustainability assurance engagements;

      * Suitable across all sustainability topics, information disclosed about those topics, and reporting frameworks; and

      * Implementable by all assurance practitioners.

New Standard on Sustainability Assurance

This Standard on Sustainability Assurance is a new pronouncement of the AUASB and accordingly does not supersede a pre-existing Standard on Sustainability Assurance.

AUTHORITY STATEMENT

 The Auditing and Assurance