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Standard on Sustainability Assurance ASSA 5000 General Requirements for Sustainability Assurance Engagements
The Practitioner’s Consideration of the The Practitioner’s Consideration of the Entity’s Process to Identify Sustainability Information to be Reported
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The Practitioner’s Consideration of the Entity’s Process to Identify Sustainability Information to be Reported
- This flowchart shows the practitioner's consideration of the entity's process to identify sustainability information to be reported.
This appendix sets out the requirements and application material relevant to the practitioner’s conduct of an engagement, in the circumstances when the entity has a process to identify sustainability information to be reported, as described in paragraph 4.
Notes to the flowchart:
- The practitioner is required to consider whether the entity has a process to identify the sustainability information to be reported (paragraph 76(a)). The practitioner is also required to evaluate the suitability of the criteria for the sustainability information, which would include understanding whether the entity is required to have such a process and whether the criteria in respect of that process exhibit the suitability characteristics in paragraph 78(c), in particular the relevance and completeness of the criteria.
- As part of the practitioner's understanding of the entity’s information system and controls, the practitioner obtains an understanding of the entity’s process, and based on that understanding, and in the context of the reporting framework, the practitioner evaluates whether it appropriately supports the preparation of the sustainability information (paragraphs 117 and 118). The practitioner's understanding of the entity’s process, along with other risk assessment procedures, may highlight where there are risks of material misstatement, including in relation to the completeness of the sustainability information to be reported.
- Misstatements accumulated include any misstatements arising from material omissions in, or obscuring of, the sustainability information to be reported.
Requirements and application material for reference
| Requirement [Application Material]Paragraph Number | Relevant extract of the requirement wordingThe practitioner shall… |
|---|---|
| 76 (a)[A3, A187] | Consider whether the entity has a process to identify the sustainability information to be reported. |
| 76 (b) [A190–A191] | Evaluate whether management, or those charged with governance, when appropriate, have a reasonable basis for the sustainability information. |
| 78 | Evaluate whether the criteria that the practitioner expects to be applied in the preparation of the sustainability information are suitable for the engagement circumstances and will be available to the intended users. In doing so, the practitioner shall:…Evaluate whether the criteria exhibit the following characteristics:Relevance;Completeness... |