Document ID: chunk:federal_register_of_legislation:F2025L00107:front:0:p7
Version: federal_register_of_legislation:F2025L00107
Segment Type: other
Provision Reference: 
Character Range: 20760–24385

in the context of the nature and circumstances of the engagement.

Effective Date

 1.                [Deleted by the AUASB.  Refer Aus 0.3]

Objectives

 1.                In conducting a sustainability assurance engagement, the objectives of the practitioner are:

         1.                 To obtain reasonable assurance or limited assurance, as applicable, about whether the sustainability information is free from material misstatement;

         2.                 To express a conclusion on the sustainability information through a written report that conveys a reasonable assurance or a limited assurance conclusion, as applicable, and describes the basis for the conclusion; and

         3.                 To communicate further as required by this ASSA and any other relevant ASSA.

 2.                In all cases when reasonable assurance or limited assurance, as applicable, cannot be obtained and a qualified conclusion in the practitioner's assurance report is insufficient in the circumstances for purposes of reporting to the intended users, this ASSA requires the practitioner to disclaim a conclusion or withdraw from the engagement, where withdrawal is possible under applicable law or regulation.

Definitions

 1.                For the purposes of this Standard on Sustainability Assurance, the following terms have the meanings attributed below:
Analytical procedures                       Evaluations of sustainability information through analysis of plausible relationships among both quantitative and qualitative data. Analytical procedures also encompass such investigation as is necessary of identified fluctuations or relationships that are inconsistent with other relevant information or that differ from expected values by a significant amount.

Another practitioner                        A firm, other than the practitioner's firm, that performs work that the practitioner intends to use for purposes of the sustainability assurance engagement and the practitioner is unable to be sufficiently and appropriately involved in that work.

                                            For purposes of the ASSAs:

                                               (a) The work of another practitioner that the practitioner may intend to use for purposes of the sustainability assurance engagement is performed in the context of a separate engagement.

                                               (b)  Individuals from another practitioner who perform the work are not members of the engagement team as they are not performing procedures on the sustainability assurance engagement. Such individuals are also not practitioner's experts.

                                               (c)  References to using the work of another practitioner include, when applicable, work performed by individuals from that other firm.

Applicable criteria                         The criteria used for the particular sustainability assurance engagement.

Appropriate party(ies)                      Management or those charged with governance, as appropriate, or the engaging party, if different.

Assertions                                  Representations by the entity, explicit or otherwise, that are embodied in the sustainability information, as used by the practitioner to consider the different types of potential misstatements that may occur. (Ref: Para. A16R)

Assurance engagement                        An engagement in which a practitioner aims to obtain sufficient appropriate evidence in order to express a conclusion designed to enhance the degree of confidence of the intended users about the