Document ID: chunk:federal_register_of_legislation:F2025L00107:front:0:p191
Version: federal_register_of_legislation:F2025L00107
Segment Type: other
Provision Reference: 
Character Range: 592368–595704

applicable criteria:

               1.        Under a compliance framework: "Based on the procedures performed and evidence obtained, nothing has come to our attention that causes us to believe that the [sustainability information] is not prepared, in all material respects, in accordance with XYZ criteria."

               2.      Under a fair presentation framework: "Based on the procedures performed and evidence obtained, nothing has come to our attention that causes us to believe that the [sustainability information] is not fairly presented, in all material respects, in accordance with XYZ criteria."

        2.       When expressed in terms of a statement made by the appropriate party:

               1.        Under a compliance framework: "Based on the procedures performed and evidence obtained, nothing has come to our attention that causes us to believe that the [appropriate party's] statement that [the entity] has complied, in all material respects, with XYZ requirements is not properly prepared."

               2.      Under a fair presentation framework: "Based on the procedures performed and evidence obtained, nothing has come to our attention that causes us to believe that the [appropriate party's] statement that the [sustainability information] is prepared in accordance with XYZ criteria is not, in all material respects, fairly stated."

A546R. Examples of conclusions expressed in a form appropriate for a reasonable assurance engagement:

        1.         When expressed in terms of the sustainability information and the applicable criteria:

               1.        Under a compliance framework: "In our opinion, the entity's [sustainability information] is prepared, in all material respects, in accordance with XYZ criteria;" or

               2.      Under a fair presentation framework: "In our opinion, the entity's [sustainability information] is fairly presented, in all material respects, in accordance with XYZ criteria;"

        1.       When expressed in terms of a statement made by the appropriate party:

                1.             Under a compliance framework: "In our opinion, the [appropriate party's] statement that the entity has complied with XYZ requirement is, in all material respects, properly prepared" or

                2.           Under a fair presentation framework: "In our opinion, the [appropriate party's] statement that the [sustainability information] is prepared in accordance with XYZ criteria is, in all material respects, fairly stated."

     1.

     2.

 3.       Forms of expression that may be useful for sustainability matters include, for example, one, or a combination of, the following:

           * For compliance frameworks - "in compliance with" or "in accordance with."

           * For engagements when the applicable criteria describe a methodology for the preparation or presentation of the sustainability information - "properly prepared."

           * For engagements when the principles of fair presentation are embodied in the applicable criteria - "fairly stated" or "presents fairly."

Identification of the applicable criteria (Ref: Para. 190(c)(vii))

 1.       In order for the practitioner to accept or continue the engagement, paragraph 81 requires the preconditions to be met, including that the criteria will