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Assurance engagement audit report Part B guidance webinar

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06 December 2017

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).

Webinar recording


DocumentAsset::Assurance engagement audit report Part B guidance - Presentation

Questions and answers


What level of detail does the Clean Energy Regulator expect for calculations/recalculations?

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.

About ‘matters corrected’

For information reported under ‘matters corrected’ can auditors apply their judgment and materiality filters (as opposed to reporting everything)?

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.

Do auditors need to provide a date stamp under ‘matters corrected’?

Unless it is a requirement, providing a date is at the auditor’s discretion.

Does the Clean Energy Regulator usually advise the auditor if they find the information provided in Part B inadequate?

Yes. However, under the National Greenhouse and Energy Reporting (NGER), this generally occurs during the first draft phase of the audit report.

About ‘other matters’

What kind of issues do auditors need to report under ‘other matters’?

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.

  • In these circumstances, the auditor may consider necessary to include details about why it was not possible to withdraw from the engagement.
Auditors may also include information on findings that, whilst not impacting on the conclusion of the audit report, may impact on other areas of the audited body.

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.

  • In these circumstances, the auditor may consider it necessary to include information on these findings.


How many issues or risks should auditors typically include in their report?

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.

Assurance engagement and risk assessment

Where does the auditor’s investigative work fit best—as part of the assurance engagement or as part of risk assessment?

We expect auditors to undertake investigations during the planning stage of the assurance engagement as part of the testing they conduct.

How detailed should the auditor’s risk assessment findings be?

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.

Has the Clean Energy Regulator identified any trends between different types of firm or audit scheme or facility type?

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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