Document ID: chunk:federal_register_of_legislation:F2017C00509:body:0:p17
Version: federal_register_of_legislation:F2017C00509
Segment Type: other
Provision Reference: 
Character Range: 41794–44497

he or she is unable to form an opinion about the matter being audited.

Limited assurance conclusion
 (2) In giving a limited assurance conclusion, the audit team leader is giving a conclusion of the audit team leader's opinion, expressed in the negative, that there is no misstatement in the matter being audited that is material or pervasive enough to affect the matter being audited as a whole.
Note: Examples of a limited assurance conclusion are as follows:
(a) 'Based on the work described in this report, nothing has come to my attention that causes me to believe that the audited body has not prepared the matter to be audited, in all material respects, in compliance with the NGER legislation';
(b) 'Based on the work described in this report, nothing has come to my attention that causes me to believe that the audited body's greenhouse gas emissions, energy production and energy consumption were not reported, in all material respects, in compliance with the NGER legislation'.

Qualified limited assurance conclusion
 (3) In giving a qualified limited assurance conclusion, the audit team leader is giving a conclusion of the audit team leader's opinion, expressed in the negative, that:
 (a) there are 1 or more misstatements in the matter being audited that are material but not pervasive enough to affect the matter being audited as a whole; or
 (b) there is insufficient evidence in relation to 1 or more aspects of the matter being audited, but although the lack of evidence may be material it is not pervasive enough to affect the matter being audited as a whole.
Note 1: Examples of a limited assurance conclusion are as follows:
(a) 'Based on the work described in this report, with the exception of 'X', nothing has come to my attention that causes me to believe that the audited body has not prepared the matter to be audited, in all material respects, in compliance with the NGER legislation';
(b) 'Based on the work described in this report, with the exception of 'X', nothing has come to my attention that causes me to believe that the audited body's greenhouse gas emissions, energy production and energy consumption were not reported, in all material respects, in compliance with the NGER legislation'.
Note 2: In the examples in Note 1, 'X' represents any misstatement that is material but not pervasive enough to affect matters as a whole.
 (4) The audit team leader must only give a conclusion if it is supported by the evidence gathered.

3.19  Other conclusions

Adverse conclusion
 (1) In giving an adverse conclusion, the audit team leader is attesting:
 (a) that, in relation to the matter being audited, there are misstatements that are material and pervasive enough