Skip to content

CA Final · Advanced Auditing, Assurance and Professional Ethics · Sustainable Development Goals (SDG) & Environment, Social and Governance (ESG) Assurance

Vistara Agro Ltd, a listed company, publishes a BRSR with a few core indicators marked for reasonable assurance. CA Mehta is engaged to give assurance on these indicators. Which standard issued by ICAI is the primary framework for such an assurance engagement on sustainability information that is not a historical financial statement audit?

SAE 3000 (Revised) is the primary standard, because assurance on sustainability indicators in a BRSR is an assurance engagement other than an audit or review of historical financial information. SA 700 covers financial statement audits, and SRS 4400 gives only factual findings without assurance.

  1. ASA 700, Forming an Opinion and Reporting on Financial Statements
  2. BSAE 3000 (Revised), Assurance Engagements Other Than Audits or Reviews of Historical Financial InformationCorrect
  3. CSA 520, Analytical Procedures
  4. DSRS 4400, Agreed-upon Procedures

Explanation

Assurance on non-financial sustainability indicators is an assurance engagement other than an audit or review of historical financial information, so SAE 3000 (Revised) applies. SA 700 deals with financial statement audit opinions. SRS 4400 gives no assurance, only factual findings, so it does not fit an engagement meant to give reasonable assurance.

Did you get it right without looking?

One question tells you little. A timed set on Sustainable Development Goals (SDG) & Environment, Social and Governance (ESG) Assurance shows your real accuracy, how long you take and where you lose marks.

Practise Sustainable Development Goals (SDG) & Environment, Social and Governance (ESG) AssuranceFree diagnostic mock

More Sustainable Development Goals (SDG) & Environment, Social and Governance (ESG) Assurance questions