Document ID: chunk:federal_register_of_legislation:F2025L00107:front:0:p12
Version: federal_register_of_legislation:F2025L00107
Segment Type: other
Provision Reference: 
Character Range: 36953–40846

responsibility be fulfilled by the engagement leader, the term "engagement leader" rather than "practitioner" is used.

Practitioner's expert                       An individual or organisation possessing expertise in a field other than assurance, whose work in that field is used by the practitioner to assist in obtaining sufficient appropriate evidence. A practitioner's expert may be either a practitioner's internal expert (who is a partner or staff, including temporary staff, of the practitioner's firm or a network firm), or a practitioner's external expert.

Professional judgement                      The application of relevant training, knowledge, and experience, within the context provided by assurance and ethical standards, in making informed decisions about the courses of action that are appropriate in the circumstances of the engagement.

Professional scepticism                     An attitude that includes a questioning mind, being alert to conditions which may indicate possible misstatement due to error or fraud, and a critical assessment of evidence.

Professional standards                      Australian Standards on Sustainability Assurance (ASSAs) and relevant ethical requirements.

Relevant ethical requirements               [Deleted by the AUASB and replaced by text appearing in paragraph Aus 18.3.]

Reporting boundary                          Activities, operations, relationships or resources to be included in the entity's sustainability information.

                                            For purposes of the ASSAs, the reporting boundary is determined in accordance with the applicable criteria. (Ref: Para. A40–A41)

Risk of material misstatement               The risk that the sustainability information is materially misstated prior to the engagement.

Risk assessment procedures                  The procedures designed and performed to:

                                               (a) In a limited assurance engagement, identify and assess the risks of material misstatement, whether due to fraud or error, at the disclosure level; and

                                               (b) In a reasonable assurance engagement, identify and assess the risks of material misstatement, whether due to fraud or error, of the disclosures at the assertion level.

Staff                                       Professionals, other than partners, including any experts the firm employs.

Substantive procedures                      Procedures designed to detect material misstatements. Substantive procedures comprise tests of details and analytical procedures. (Ref: Para. A42)

Sustainability competence                   Competence in the sustainability matters that are the subject of the sustainability assurance engagement and in their measurement or evaluation.

Sustainability information                  Sustainability information – Information about sustainability matters. (Ref: Para. A43)

                                            For purposes of the ASSAs:

                                               (a) Sustainability information results from measuring or evaluating sustainability matters against the criteria.

                                               (b) Sustainability information that is the subject of the assurance engagement is the equivalent of "subject matter information" in other AUASB assurance standards.

                                               (c) References to "sustainability information to be reported" are intended to relate to the entirety of the sustainability information to be reported by the entity, and are used primarily in the context of the practitioner's preliminary knowledge of the engagement circumstances.

                                               (d) If the assurance engagement does not cover the entirety of the sustainability information reported by the entity,