PlanningPlanning

Planning

Planning Activities

1. The practitioner shall develop an overall strategy and engagement plan, including determining the nature, timing and extent of planned procedures. In doing so, the engagement leader shall consider information obtained in the acceptance and continuance process and, if applicable, whether knowledge obtained on other engagements performed by the engagement leader for the entity is relevant. (Ref: Para. A277–A287)
2. For a group sustainability assurance engagement, in developing the overall strategy and engagement plan in accordance with paragraph 95, the practitioner shall determine: (Ref: Para. A284–A291)
   1. The sustainability information on which assurance work will be performed and the source of that information; (Ref: Para. A288)
   2. The resources needed to perform the engagement, including component practitioner(s); and (Ref: Para. A108, A289–A290)
   3. Whether to obtain evidence from the work performed by another practitioner(s). (Ref: Para. A291)
3. The engagement leader and other key members of the engagement team shall be involved in planning the assurance engagement, including participating in the discussion among the engagement team members required by paragraph 105.

Materiality

1. For purposes of planning and performing the assurance engagement, and evaluating whether the sustainability information is free from material misstatement, the practitioner shall: (Ref: Para. A292–A299)
   1. Consider materiality for qualitative disclosures; and (Ref: Para. A300)
   2. Determine materiality for quantitative disclosures. (Ref: Para. A301–A305)
2. If the applicable criteria require the entity to apply both financial materiality and impact materiality in preparing the sustainability information, the practitioner shall take into account both perspectives when considering or determining materiality in accordance with paragraph 98. (Ref: Para. A306, A337)
3. For quantitative disclosures, the practitioner shall determine performance materiality. (Ref: Para. A307–A311)

Revision of Materiality as the Engagement Progresses

1. The practitioner shall revise materiality for a disclosure(s) in the event of becoming aware of information during the assurance engagement that would have caused the practitioner to have considered or determined a different materiality initially. (Ref: Para. A312)

Documentation

1. The practitioner shall include in the engagement documentation:
   1. The factors relevant to the practitioner’s consideration of materiality for qualitative disclosures in accordance with paragraph 98(a);