Document ID: chunk:federal_register_of_legislation:F2025L00107:front:0:p17
Version: federal_register_of_legislation:F2025L00107
Segment Type: other
Provision Reference: 
Character Range: 53356–56795

to Independence

 1.                The practitioner shall comply with relevant ethical requirements, including those related to independence, that comprise: (Ref: Para. A58–A61, A64)

         1.                 The provisions of the Code related to sustainability assurance engagements, together with any applicable legislative or other requirements that are more restrictive, including the relevant requirements in Chapter 2M of the Corporations Act 2001 in the case of an engagement for assurance over information in a sustainability report under that Act; or

         2.                 Professional requirements, or requirements in law or regulation, that an appropriate authority has determined to be at least as demanding as the provisions of the Code related to sustainability assurance engagements. (Ref: Para: A62–A63)

 2.                The engagement leader shall take responsibility for other members of the engagement team having been made aware of relevant ethical requirements that are applicable given the nature and circumstances of the engagement, and the firm's related policies or procedures, including those that address: (Ref: Para. A84–A85)

         1.                 Identifying, evaluating and addressing threats to compliance with relevant ethical requirements, including those related to independence;

         2.                 Circumstances that may cause a breach of relevant ethical requirements, including those related to independence, and the responsibilities of members of the engagement team when they become aware of breaches; and

         3.                 The responsibilities of members of the engagement team when they become aware of an instance of non-compliance with laws and regulations by the entity.

 3.                If matters come to the engagement leader's attention that indicate that a threat to compliance with relevant ethical requirements exists, the engagement leader shall evaluate the threat through complying with the firm's policies or procedures, using relevant information from the firm, the engagement team or other sources, and take appropriate action. (Ref: Para. A85–A86)

 4.                Throughout the engagement, the engagement leader shall remain alert, through observation and making enquiries as necessary, for evidence of breaches of relevant ethical requirements by members of the engagement team. If matters come to the engagement leader's attention through the firm's system of quality management or otherwise that indicate that members of the engagement team have breached relevant ethical requirements, the engagement leader, in consultation with others in the firm, shall determine the appropriate action. (Ref: Para. A86)

Assurance Skills and Techniques, Professional Scepticism and Professional Judgement

 1.                The practitioner shall apply assurance skills and techniques as part of an iterative, systematic engagement process.

 2.                The practitioner shall plan and perform the engagement with professional scepticism, recognising that circumstances may exist that cause the sustainability information to be materially misstated. (Ref: Para. A87–A92)

 3.                The practitioner shall exercise professional judgement in planning and performing the engagement, including determining the nature, timing and extent of procedures. (Ref: Para. A93–A95)

Engagement Resources

 1.                The engagement