Wednesday, April 21, 2021
The guidance responds to ten key stakeholder-identified challenges commonly encountered in applying ISAE 3000 (Revised). The guidance promotes the consistent high-quality application of the assurance standard EER assurance engagements to:
• strengthen the influence of such engagements on the quality of extended external reporting;
• enhance trust in the resulting assurance reports; and
• increase the credibility of extended external reports so that they can be trusted and relied upon by their intended users.
Two additional items of non-authoritative support material have also been published which are not integral to the Guidance but are available as additional resources should practitioners wish to refer to them.
The AUASB approved at its 20 April 2021 meeting to issue a Bulletin which contextualises the guidance on EER Assurance in Australia. The AUASB is planning outreach with stakeholders on the application and implementation of the guidance.