Document ID: chunk:federal_register_of_legislation:F2025L00107:front:0:p180
Version: federal_register_of_legislation:F2025L00107
Segment Type: other
Provision Reference: 
Character Range: 559531–562891

Examples of subsequent events:

         * The publication of revised factors, assumptions or benchmarks by a body such as a government agency (e.g., revised emissions factors).

         * Changes to relevant legislation or regulations.

         * Significant improved scientific knowledge.

         * Significant structural changes in the entity.

         * The availability of more accurate quantification methods.

         * The discovery of a significant fraud or error.

         * The discovery of significant water pollution or soil contamination.

         * Fatality and other significant health and safety events.

A503R. The practitioner's procedures to identify subsequent events may include:

 1.                 Obtaining an understanding of any procedures management has established to identify subsequent events.

 2.                 Enquiring of management, and where appropriate, those charged with governance, as to whether any subsequent events have occurred that may affect the sustainability information.

 3.                 Reading minutes of meetings of the owners, those charged with governance and management held after the date of the sustainability information and enquiring about matters discussed at any such meetings for which minutes are not yet available.

 4.                 Reading the entity's monthly or quarterly sustainability information, if available.

A504L.The practitioner's procedures to identify subsequent events may include enquiring of management, and as appropriate, those charged with governance, about whether any subsequent events have occurred that may affect the sustainability information.

     1.

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 3.       The practitioner has no responsibility to perform any procedures regarding the sustainability information after the date of the assurance report. However, if, after the date of the assurance report, a fact becomes known to the practitioner that, had it been known to the practitioner at the date of the assurance report, may have caused the practitioner to amend the report, the practitioner may need to discuss the matter with management or those charged with governance or take other action as appropriate in the circumstances.

Written Representations from Management and Those Charged with Governance (Ref: Para. 165)

 1.       Written confirmation of oral representations reduces the possibility of misunderstandings between the practitioner and management, and where appropriate, those charged with governance. The person(s) from whom the practitioner requests written representations will ordinarily be a member of senior management or those charged with governance depending on, for example, the management and governance structure of the entity, which may vary by jurisdiction, reflecting influences such as different cultural and legal backgrounds, and size and ownership characteristics.

 2.       Representations by management and, where appropriate, those charged with governance cannot replace other evidence the practitioner could reasonably expect to be available. Although written representations provide necessary evidence, they do not provide sufficient appropriate evidence on their own about any of the matters with which they deal. Furthermore, the fact that the practitioner has received reliable written representations does not affect the nature or