Document ID: chunk:federal_register_of_legislation:F2025L00107:front:0:p49
Version: federal_register_of_legislation:F2025L00107
Segment Type: other
Provision Reference: 
Character Range: 168898–172510

a heading "Other Information," containing the matters in accordance with paragraph 202.

 2.                  A section with the heading "Responsibilities for the Sustainability Information" that:

         1.                  States that management or those charged with governance, as appropriate, is responsible for: (Ref: Para. A555–A556)

                 1.                    The preparation and, if applicable, fair presentation of the sustainability information in accordance with the applicable criteria; and (Ref: Para. A557)

                 2.                    Designing, implementing and maintaining such internal controls that management determines is necessary to enable the preparation of sustainability information in accordance with the applicable criteria that is free from material misstatement, whether due to fraud or error; and

         2.                If those responsible for oversight of the process to prepare the sustainability information are different from those who fulfill the responsibilities described in (f)(i), identifies those responsible for oversight. (Ref: Para. A556)

 3.                 If applicable, a section with the heading "Inherent Limitations in Preparing the Sustainability Information" that describes any significant inherent limitations associated with the measurement or evaluation of the sustainability matters against the applicable criteria, including inherent limitations relating to forward-looking information included in the sustainability information. (Ref: Para. A494, A558–A560 and A579)

 4.                 A section with the heading "Practitioner's Responsibilities" that states that: (Ref: Para. A555)

         1.                  The objective of the practitioner is to plan and perform the assurance engagement to obtain limited or reasonable assurance, as applicable, about whether the sustainability information is free from material misstatement, whether due to fraud or error, and to issue an assurance report that includes a conclusion (for limited assurance) or opinion (for reasonable assurance);

         2.                Misstatements can arise from fraud or error, and:

                 1.                    Are considered material if, individually or in the aggregate, they could reasonably be expected to influence the decisions of intended users taken on the basis of the sustainability information; or

                 2.                    If materiality is defined or described differently in the applicable criteria, include such definition or description;

         3.              The practitioner exercises professional judgement and maintains professional scepticism throughout the engagement;

         4.              The practitioner performs risk assessment procedures, including obtaining:

                 1.                    For limited assurance: an understanding of internal controls relevant to the engagement to identify and assess the risks of material misstatement, whether due to fraud or error, at the disclosure level, but not for the purpose of providing a conclusion on the effectiveness of the entity's internal control. If the limited assurance report includes a conclusion on the effectiveness of internal control, the practitioner shall omit the phrase that the practitioner's consideration of internal control is not for the purpose of providing a conclusion on the effectiveness of the entity's internal control; or

                 2.                    For reasonable assurance: an understanding of internal controls relevant to the engagement, to identify and assess the risks