Document ID: chunk:federal_register_of_legislation:F2025L00107:front:0:p22
Version: federal_register_of_legislation:F2025L00107
Segment Type: other
Provision Reference: 
Character Range: 69161–72745

appropriate action.

Fraud and Non-Compliance with Laws and Regulations

 1.                The practitioner shall maintain professional scepticism throughout the engagement, recognising the possibility that a material misstatement due to fraud could exist, notwithstanding the practitioner's past experience of the honesty and integrity of the entity's management and those charged with governance. (Ref: Para. A162)

 2.                The practitioner shall remain alert to the possibility that procedures performed during the engagement may bring instances of non-compliance or suspected non-compliance with laws and regulations to the practitioner's attention.

 3.                In the absence of identified or suspected non-compliance, the practitioner is not required to perform procedures regarding the entity's compliance with laws and regulations, other than those set out in paragraphs 65 and 111–112.

 4.                If the practitioner identifies fraud or suspected fraud, or instances of non-compliance or suspected non-compliance with laws and regulations, the practitioner shall determine whether law, regulation or relevant ethical requirements: (Ref: Para. A163–A165, A434)

         1.                 Require the practitioner to report to an appropriate authority outside the entity; or

         2.                 Establish responsibilities under which reporting to an appropriate authority outside the entity may be appropriate in the circumstances.

Communication with Management and Those Charged with Governance

 1.                The practitioner shall communicate with management or those charged with governance, on a timely basis during the engagement, significant matters that, in the practitioner's professional judgement, merit the attention of management or those charged with governance, as appropriate. (Ref: Para. A166–A170)

Documentation

Overarching Documentation Requirements

Form, Content and Extent of Engagement Documentation

 1.                The practitioner shall prepare, on a timely basis, engagement documentation that provides a record of the basis for the assurance report that is sufficient and appropriate to enable a practitioner experienced in sustainability assurance, having no previous connection with the assurance engagement, to understand: (Ref: Para. A171–A173)

         1.                 The nature, timing and extent of the procedures performed to comply with this ASSA, other relevant ASSAs and applicable legal and regulatory requirements;

         2.                 The results of the procedures performed, and the evidence obtained; and

         3.                 Significant matters arising during the assurance engagement, the conclusions reached thereon, and significant professional judgements made in reaching those conclusions. (Ref: Para. A174–A176)

 2.                In documenting the nature, timing and extent of procedures performed, the practitioner shall record: (Ref: Para. A177–A178)

         1.                 The identifying characteristics of the specific items or matters tested;

         2.                 Who performed the assurance engagement work and the date such work was completed; and

         3.                 Who reviewed the assurance engagement work performed and the date and extent of such review.

 3.                The engagement documentation shall also include discussions of significant matters with management, those charged with governance and others, including the nature of the significant matters discussed, and when and with whom the discussions