Document ID: chunk:federal_register_of_legislation:F2025L00107:front:0:p15
Version: federal_register_of_legislation:F2025L00107
Segment Type: other
Provision Reference: 
Character Range: 47344–50592

applies to both limited and reasonable engagements, but in a differential manner, such requirements have been presented in a columnar format with the "L" (limited assurance) and "R" (reasonable assurance) designations. (Ref: Para. A55)

 2.                In exceptional circumstances, the practitioner may judge it necessary to depart from a relevant requirement in an ASSA. In such circumstances, the practitioner shall perform alternative procedures to achieve the aim of that requirement. The need for the practitioner to depart from a relevant requirement is expected to arise only when the requirement is for a specific procedure to be performed and, in the specific circumstances of the assurance engagement, that procedure would be ineffective in achieving the aim of the requirement. (Ref: Para. A56)

Documentation of a Departure from a Relevant Requirement

 1.                If, in exceptional circumstances, the practitioner judges it necessary to depart from a relevant requirement in this ASSA or any other ASSAs, the practitioner shall document how the alternative procedures performed achieve the aim of that requirement, and the reasons for the departure. (Ref: Para. A57)

Failure to Achieve an Objective

 1.                If an objective in this ASSA or any other ASSAs relevant to the engagement cannot be achieved, the practitioner shall evaluate whether this requires the practitioner to modify the practitioner's conclusion or withdraw from the assurance engagement (where withdrawal is possible under applicable law or regulation). Failure to achieve an objective in this or any other relevant ASSA represents a significant matter requiring documentation in accordance with paragraph 69.

Acceptance and Continuance of the Assurance Engagement

 1.                The practitioner shall accept or continue the engagement only when:

         1.                 The practitioner has no reason to believe that relevant ethical requirements, including independence, will not be satisfied; (Ref: Para. A58–A64)

         2.                 The practitioner has determined that those persons who are to perform the engagement collectively have the appropriate competence and capabilities, including having sufficient time, to perform the engagement; and

         3.                 The basis upon which the engagement is to be performed has been agreed, by:

                 1.                  Establishing that the preconditions for an assurance engagement are present (see also paragraph 76); and

                 2.                Confirming that there is a common understanding between the practitioner and the engaging party of the terms of the engagement, including the practitioner's reporting responsibilities (see also paragraph 85).

 2.                If the engaging party imposes a limitation on the scope of the practitioner's work in the terms of a proposed engagement such that the practitioner believes the limitation will 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