Standard on Sustainability Assurance ASSA 5000 General Requirements for Sustainability Assurance Engagements
Conformity with International Standard oConformity with International Standard on Sustainability Assurance
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Conformity with International Standard on Sustainability Assurance
This Standard on Sustainability Assurance conforms with International Standard on Sustainability Assurance ISSA 5000 General Requirements for Sustainability Assurance Engagements issued by the International Auditing and Assurance Standards Board other than as detailed below.
Paragraphs that have been added to this Standard on Sustainability Assurance (and do not appear or appear differently in/from the text of the equivalent ISSA) are identified with the prefix “Aus”.
The following paragraphs and definitions are additional to or have been amended from ISSA 5000:
| Paragraph | Summary of Change |
|---|---|
| Aus 6.1 | Replaces ISSA 5000 introductory paragraph 6 to refer to ‘the provisions of the Code (which is defined in paragraph Aus 18.1) instead of ‘the provisions of the International Ethics Standards Board for Accountants’ International Code of Ethics for Professional Accountants (including International Independence Standards) (IESBA Code) related to sustainability assurance engagements’. |
| Aus 18.1 | Introduces the definition of ‘the Code’ being different versions of ‘APES 110 Code of Ethics for Professional Accountants (including Independence Standards) depending upon the engagement and reporting period (see also Aus 18.3 below). |
| Aus 18.2 | Replaces the definition of ‘Engagement team’ to prohibit the use of internal auditors to provide direct assistance in a sustainability assurance engagement. |
| Aus 18.3 | Replaces the definition of ‘Relevant ethical requirements’ to refer to ‘the Code’ (see Aus 18.1 above). The definition also includes specific reference to the requirements of Chapter 2M of the Corporations Act 2001. |
| Aus 18.4 | Explains the different terms used in the Corporations Act 2001 and AUASB Standards. |
| Aus 42.1 and Aus 42.2 | These paragraphs prohibit the use of internal auditors to provide direct assistance in a sustainability assurance engagement. |
| Aus A29.1 | Prohibits the use of internal auditors to provide direct assistance in a sustainability assurance engagement. |
| Throughout | Replaced ‘the IESBA Code’ with ‘the Code’ (see also Aus 18.1 above). |
| Appendix 3 | The illustrative assurance reports have been amended consistent with the definition of ‘the Code’ in paragraph Aus 18.1. |