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ACCA Strategic Professional · Advanced Audit and Assurance (International) · Reporting on other assignments

Zenith plc publishes an integrated report alongside its financial statements. Its auditor, Marlow & Co, has been asked to provide assurance on selected sustainability metrics in that report. Which standard would Marlow & Co normally apply to an assurance engagement that is neither an audit nor a review of historical financial information?

ISAE 3000 (Revised) applies. It governs assurance engagements that are not audits or reviews of historical financial information, so it covers assurance over sustainability metrics in an integrated report. The ISA and ISRE standards deal with financial statement audits and reviews, so they do not fit this engagement.

  1. AISAE 3000 (Revised)Correct
  2. BISA 700 (Revised)
  3. CISRE 2400 (Revised)
  4. DISA 805

Explanation

ISAE 3000 (Revised) is the umbrella standard for assurance engagements other than audits or reviews of historical financial information, which includes assurance on sustainability metrics. ISA 700 covers forming an opinion on financial statements, ISRE 2400 covers review engagements on historical financial statements, and ISA 805 covers special purpose frameworks or single financial statements.

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