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ACCA Strategic Professional · Advanced Audit and Assurance (International) · Developments in sustainability assurance

Harbour Logistics wants its auditor, Patel & Co, to report on its greenhouse gas statement. The firm will apply ISAE 3410 Assurance Engagements on Greenhouse Gas Statements. The finance director asks whether the firm could instead use ISAE 3000 (Revised) alone. What is the most appropriate response?

ISAE 3410 is the subject-specific standard for greenhouse gas statements and is applied together with ISAE 3000 (Revised), which supplies the overall assurance framework. It does not replace ISAE 3000 and it supports both limited and reasonable assurance engagements.

  1. AISAE 3410 is not needed because ISAE 3000 (Revised) does not apply to non-financial information
  2. BISAE 3410 replaces ISAE 3000 (Revised), so the latter is not applicable
  3. CISAE 3410 is the specific standard for GHG statements and is applied together with ISAE 3000 (Revised), which provides the overall framework for assurance engagements other than audits or reviews of historical financial informationCorrect
  4. DISAE 3410 may only be used for reasonable assurance, so ISAE 3000 (Revised) must be used for limited assurance

Explanation

ISAE 3410 supplements ISAE 3000 (Revised) for GHG statements and both are applied. ISAE 3000 (Revised) covers non-financial assurance engagements generally. ISAE 3410 supports both limited and reasonable assurance, so option D is wrong.

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