Document ID: chunk:federal_register_of_legislation:F2025L00107:front:0:p23
Version: federal_register_of_legislation:F2025L00107
Segment Type: other
Provision Reference: 
Character Range: 72454–75938

date and extent of such review.

 3.                The engagement documentation shall also include discussions of significant matters with management, those charged with governance and others, including the nature of the significant matters discussed, and when and with whom the discussions took place. (Ref: Para. A179)

Assembly of the Final Engagement File

 1.                The practitioner shall assemble the engagement documentation in an engagement file and complete the administrative process of assembling the final engagement file on a timely basis after the date of the assurance report. After the assembly of the final engagement file has been completed, the practitioner shall not delete or discard engagement documentation of any nature before the end of its retention period. (Ref: Para. A180–A182)

 2.                In circumstances other than those envisaged in paragraph 212, when the practitioner finds it necessary to modify existing engagement documentation or add new engagement documentation after the assembly of the final engagement file has been completed, the practitioner shall, regardless of the nature of the modifications or additions, document:

         1.                 The specific reasons for making them; and

         2.                 When and by whom they were made and reviewed.

Documentation Related to Quality Management

 1.                The practitioner shall include in the engagement documentation: (Ref: Para. A183)

         1.                 Issues identified with respect to compliance with relevant ethical requirements and how they were resolved;

         2.                 Conclusions about compliance with independence requirements that apply to the engagement, and any relevant discussions with the firm that support these conclusions;

         3.                 Conclusions reached regarding the acceptance and continuance of client relationships and assurance engagements, including with respect to the preconditions for an assurance engagement; and

         4.                 The nature and scope of, and conclusions resulting from, consultations undertaken during the course of the engagement.

Preconditions for an Assurance Engagement

Establishing Whether the Preconditions Are Present

 1.                The practitioner shall obtain a preliminary knowledge of the engagement circumstances, including: (Ref: Para. A184)

         1.                 The sustainability information to be reported; and

         2.                 Whether the scope of the proposed assurance engagement encompasses all or part of the sustainability information in (a). (Ref: Para. A185)

 2.                In order to establish whether the preconditions for an assurance engagement are present, based on the preliminary knowledge of the engagement circumstances and discussion with the appropriate party(ies), the practitioner shall: (Ref: Para. A184, A186–A187)

         1.                 Consider whether the entity has a process to identify sustainability information to be reported; (Ref: Para. A187)

         2.                 Evaluate whether the roles and responsibilities of management, those charged with governance and the engaging party, if different, are suitable in the circumstances. In doing so, the practitioner shall also evaluate whether management, or those charged with governance, when appropriate, have a reasonable basis for the sustainability information; and (Ref: Para. A186(a), A188–A191)