A webinar was held on Monday 13 November 2017 to help greenhouse and energy auditors better understand the Clean Energy Regulator’s expectations about the quality and level of information that is required for regulatory purposes (Part B of the audit report).
We are looking for information such as the nature of the recalculation and the source of the evidence. It is up to each auditor’s judgement to decide how much information to provide, however, we recommend that auditors present a summary of the activities undertaken, including key input variable.
Data such as emissions factors used, metered informing and spatial information may need to be described to outline the nature of the recalculation.
During the course of an audit, auditors should bring matters of potential non-compliance to the attention of the audited individual or business. Any non-compliance matters must also be included in the report, even if they did not have an impact on the audit conclusion (because the audited body addressed them before the signing of the audit report). Minor administrative matters do not need to be included.
Unless it is a requirement, providing a date is at the auditor’s discretion.
Yes. However, under the National Greenhouse and Energy Reporting (NGER), this generally occurs during the first draft phase of the audit report.
In this section, auditors should include details of any other matters related to the matter audited, and that the audit team leader believes is relevant to the user’s understanding of the audit report, such as in the examples below.
The auditor is unable to withdraw from an engagement, even though the possible effect of an inability to obtain sufficient appropriate audit evidence due to a limitation on the scope of the audit imposed by management is pervasive.
While conducting an Emissions Reduction Fund audit, the auditor identifies a finding that affects the audited individual or business’ participating in the National Greenhouse and Energy Reporting, Renewable Energy Target, or safeguard mechanism schemes.
There is no typical number of issues or risk areas auditors should include in a Part B report. When considering what to include, the auditor should list all of the identified issues or risk areas that were investigated and tested against as part of the audit—regardless of whether the auditor identified any findings.
We expect auditors to undertake investigations during the planning stage of the assurance engagement as part of the testing they conduct.
The reporting around the issue or risk area investigated as part of the audit findings and conclusion table should be detailed to ensure users of the audit report can clearly understand what the risk is and why the auditor considered it a risk.
There are no identified trends across firm, scheme or audit type. The quality and level of detail included in Part B of the audit reports vary according to the firm and the auditor undertaking the audit. The issues identified in the webinar were consistent across all firm types and auditors.
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