Document ID: chunk:federal_register_of_legislation:F2025L00107:front:0:p4
Version: federal_register_of_legislation:F2025L00107
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internal auditors to provide direct assistance in a sustainability assurance engagement.
Appendix 3             Amends illustrative audit reports consistent with the changes to the definition of 'relevant ethical requirements'.

This Standard on Sustainability Assurance incorporates terminology and definitions used in Australia.

Compliance with this Standard on Sustainability Assurance enables compliance with ISSA 5000.

Standard on Sustainability Assurance ASSA 5000

General Requirements for Sustainability Assurance Engagements

Application

Aus 0.1 This Standard on Sustainability Assurance (ASSA) applies to assurance engagements on:

              1.                 sustainability information in a sustainability report for a financial year in accordance with the Corporations Act 2001 (the Act);

              2.                sustainability information where the engagement is held out to have been conducted in accordance with this ASSA; and

              3.                 sustainability information for any other purpose, except where ASAE 3410 Assurance Engagements on Greenhouse Gas Statements (ASAE 3410) is required to be applied.

Aus 0.2 This ASSA also applies, as appropriate, to assurance on other sustainability information.

Operative Date

Aus 0.3 Subject to paragraph Aus 0.4, this ASSA is effective for assurance engagements on sustainability information reported:

              1.                 For periods beginning on or after 1 January 2025; or

              2.                 As at a specific date on or after 1 January 2025.

Earlier application of this ASSA is permitted, except where ASAE 3410 is required to be applied.

Note: For the avoidance of doubt, paragraph Aus 0.3(b) does not require this standard to apply to any engagements for periods beginning before 1 January 2025.

Aus 0.4  For assurance engagements on sustainability information in a sustainability report under Chapter 2M of the Act for a financial year commencing from 1 January 2025 to 30 June 2030, this ASSA applies as specified in Australian Sustainability Assurance Standard ASSA 5010 Timeline for Audits and Reviews of Information in Sustainability Reports under the Corporations Act 2001.

Introduction

 1.                    This Australian Standard on Sustainability Assurance (ASSA) deals with assurance engagements on sustainability information.

 1.                    For purposes of this ASSA, sustainability information is information about sustainability matters. An entity's disclosures about such matters may relate to several different topics (e.g., climate, labour practices, biodiversity) and aspects of topics (e.g., risks and opportunities, metrics and key performance indicators). Law or regulation or sustainability reporting frameworks may describe sustainability matters, topics or aspects of topics in different ways, and may also provide requirements or guidance for the entity in determining the sustainability information to be reported. (Ref: Para. A1, A21–A22, A43, Appendix 1)

 2.                    Sustainability information is reported in accordance with the criteria. This ASSA requires the practitioner to evaluate whether the criteria that the practitioner expects to be applied in the preparation of the sustainability information are suitable for the engagement circumstances. In the absence of indications to the contrary, framework