Document ID: chunk:federal_register_of_legislation:F2025L00107:front:0:p80
Version: federal_register_of_legislation:F2025L00107
Segment Type: other
Provision Reference: 
Character Range: 262221–265467

consideration of whether, for example:

           * The work has been performed in accordance with the firm's policies or procedures, professional requirements and applicable legal and regulatory requirements.

           * Significant matters have been raised for further consideration.

           * Appropriate consultations have taken place and the resulting conclusions have been documented and implemented.

           * There is a need to revise the nature, timing and extent of work performed.

           * The work performed supports the conclusions reached and is appropriately documented.

           * The evidence obtained is sufficient and appropriate to provide a basis for the practitioner's conclusion.

           * The objectives of the procedures have been achieved.

Determining the Nature, Timing and Extent of Direction, Supervision and Review (Ref: Para. 47)

 1.       The approach to the direction and supervision of the members of the engagement team and the review of their work provides support for the engagement leader in fulfilling the requirements of this ASSA, and in concluding that the engagement leader has been sufficiently and appropriately involved throughout the engagement in accordance with paragraph 186(d)(i).

 2.       The approach to direction, supervision and review may be tailored depending on, for example:

           * The engagement team member's previous experience with the entity and the subject matter.

           * The complexity of the engagement.

           * The assessed risks of material misstatement.

           * The competence and capabilities of the individual engagement team members performing the work.

           * The manner in which the reviews of the work performed are expected to take place (remote or in-person).

           * The structure of the engagement team and the location of engagement team members.

           * Whether engagement team members are from the practitioner's firm, a network firm, or a firm that is not a network firm.

Review of Engagement Documentation (Ref: Para. 48)

 1.       Timely review of engagement documentation by the engagement leader at appropriate stages throughout the engagement enables significant matters to be resolved to the engagement leader's satisfaction on or before the date of the practitioner's report. The engagement leader need not review all engagement documentation.

 2.       The engagement leader exercises professional judgement in identifying significant judgements made by the engagement team. The firm's policies or procedures may specify certain matters that are commonly expected to be significant judgements. Significant judgements may include matters related to planning and performing the engagement, as well as the conclusions reached by the engagement team.
Examples of significant judgements:

     * Whether the scope of the sustainability information to be reported and the scope of the assurance engagement are appropriate in the circumstances.

     * Matters related to planning the engagement, such as the consideration or determination of materiality.

     * The composition of the engagement team, including personnel with expertise in one or more sustainability matters addressed