Document ID: chunk:federal_register_of_legislation:F2025L00107:front:0:p16
Version: federal_register_of_legislation:F2025L00107
Segment Type: other
Provision Reference: 
Character Range: 50311–53694

result in the practitioner disclaiming a conclusion on the sustainability information, the practitioner shall not accept such an engagement as an assurance engagement, unless required by law or regulation to do so.

 3.                The engagement leader shall determine that the firm's policies or procedures for the acceptance and continuance of client relationships and assurance engagements have been followed and that conclusions reached in this regard are appropriate in accepting the engagement in accordance with paragraph 26. (Ref: Para. A65–A67)

 4.                If the engagement leader obtains information that may have caused the firm to decline the engagement had that information been known by the firm prior to accepting or continuing the client relationship or specific engagement, the engagement leader shall communicate that information promptly to the firm, so that the firm and the engagement leader can take the necessary action.

Firm-level Quality Management

 1.                The engagement leader shall be a member of a firm that applies: (Ref: Para. A68–A72)

         1.                 ASQM 1; or

         2.                 Professional requirements, or requirements in law or regulation, that an appropriate authority has determined to be at least as demanding as ASQM 1. (Ref: Para: A73–A74)

Engagement-level Quality Management

Overall Responsibility for Managing and Achieving Quality

 1.                The engagement leader shall take overall responsibility for managing and achieving quality on the engagement and being sufficiently and appropriately involved throughout the engagement such that the engagement leader has the basis for determining whether the significant judgements made, and the conclusions reached, are appropriate given the nature and circumstances of the engagement. (Ref: Para. A75–A79)

 2.                If the engagement leader assigns the design or performance of procedures, tasks or actions related to a requirement of this ASSA to other members of the engagement team to assist the engagement leader in complying with the requirements of this ASSA, the engagement leader shall continue to take overall responsibility for managing and achieving quality on the engagement through direction and supervision of those members of the engagement team, and review of their work. (Ref: Para. A80)

Characteristics of the Engagement Leader

 1.                The engagement leader shall have: (Ref: Para. A81–A83)

         1.                 Competence and capabilities in assurance skills and techniques developed through extensive training and practical application;

         2.                 An understanding of the relevant ethical requirements, including those related to independence, that are applicable given the nature and circumstances of the assurance engagement; and

         3.                 Sustainability competence sufficient to accept responsibility for the conclusions reached on the engagement.

Relevant Ethical Requirements, Including Those Related 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