Document ID: chunk:federal_register_of_legislation:F2025L00107:front:0:p10
Version: federal_register_of_legislation:F2025L00107
Segment Type: other
Provision Reference: 
Character Range: 30519–34076

engagement team and the conclusions reached thereon, performed by the engagement quality reviewer and completed on or before the date of the assurance report.

Engagement quality reviewer                 A partner, other individual in the firm, or an external individual, appointed by the firm to perform the engagement quality review.

Engagement team                             [Deleted by the AUASB and replaced by the text appearing in paragraph Aus 18.2.]

Entity                                      The legal entity, economic entity, or the identifiable portion of a legal or economic entity, or combination of legal or other entities or portions of those entities, to which the sustainability information relates. (Ref: Para. A30)

Evidence                                    Information, after applying assurance procedures, that the practitioner uses to draw conclusions that form the basis for the practitioner's assurance conclusion and report. Sufficiency of evidence is the measure of the quantity of evidence. Appropriateness of evidence is the measure of the quality of evidence.

Firm                                        A sole practitioner, partnership or corporation or other entity of individual practitioners. "Firm" should be read as referring to its public sector equivalents where relevant. (Ref: Para. A31)

Fraud                                       An intentional act by one or more individuals among management, those charged with governance, employees, or third parties, involving the use of deception to obtain an unjust or illegal advantage. (Ref: Para. A32–A33)

Further procedures                          Procedures, including tests of controls and substantive procedures, performed in response to assessed risks of material misstatement.

Group                                       A reporting entity for which group sustainability information is prepared. (Ref: Para. A34)

Group sustainability assurance engagement   An assurance engagement on group sustainability information.

Group sustainability information            Sustainability information that includes the sustainability information of more than one entity or business unit in accordance with the criteria. (Ref: Para. A35)

Historical financial information            Information expressed in financial terms in relation to a particular entity, derived primarily from that entity's accounting system, about economic events occurring in past time periods, or about economic conditions or circumstances at points in time in the past.

Intended users                              The individual(s) or organisation(s), or group(s) thereof, that the practitioner expects will use the sustainability assurance report. In some cases, there may be intended users other than those to whom the sustainability assurance report is addressed. (Ref: Para. A36–A38)

Internal audit function                     A function of an entity that performs assurance and consulting activities designed to evaluate and improve the effectiveness of the entity's governance, risk management and internal control processes.

Management                                  The person(s) with executive responsibility for the conduct of the entity's operations. For some entities in some jurisdictions, management includes some or all of those charged with governance, for example, executive members of a governance board, or an owner–manager.

Management's expert                         An individual or organisation possessing expertise in a field other than assurance, whose work