Assurance on Sustainability Reports

In May 2022, the CFAS updated the illustrative engagement letters, illustrative assurance reports and related guidance notes for practitioners on sustainability engagements in South Africa, for alignment to the IAASB’s Quality Management Standards
  • Illustrative Engagement Letter: Sustainability limited assurance PDF | Word
  • Illustrative Report: Sustainability limited assurance PDF | Word
  • Illustrative Engagement Letter: Sustainability reasonable assurance PDF | Word
  • Illustrative Report: Sustainability reasonable assurance PDF | Word
  • Illustrative Engagement Letter: Sustainability combined assurance PDF | Word
  • Illustrative Report: Sustainability combined assurance PDF | Word
In November 2019, the CFAS updated the illustrative engagement letters, illustrative assurance reports and related guidance notes for practitioners on sustainability engagements in South Africa, for alignment to the IRBA Code of Professional Conduct (Revised November 2018)
  • Revised limited assurance illustrative engagement letter (updated) PDF | Word
  • Revised limited assurance illustrative assurance report (updated) PDF | Word
  • Reasonable assurance illustrative engagement letter (updated) PDF | Word
  • Reasonable assurance illustrative assurance report (updated) PDF | Word
  • Combined reasonable and limited assurance illustrative engagement letter (updated) PDF | Word
  • Combined reasonable and limited assurance illustrative assurance report (updated) PDF | Word
 
June 2018
The CFAS has issued illustrative engagement letters, illustrative assurance reports and related guidance notes for use by practitioners on sustainability engagements in South Africa:
  • Revised limited assurance illustrative engagement letter PDF | Word
  • Revised limited assurance illustrative assurance report PDF | Word
  • Reasonable assurance illustrative engagement letter PDF | Word
  • Reasonable assurance illustrative assurance report PDF | Word
  • Combined reasonable and limited assurance illustrative engagement letter PDF | Word
  • Combined reasonable and limited assurance illustrative assurance report PDF | Word
South African Assurance Engagements Practice Statements (SAAEPS)

Currently the following South Assurance Engagements Practice Statements (SAAEPS) have been issued: 

Title Date Issued Effective Date Download Documents
Updated SAAEPS 1 - Sustainability Assurance Engagements: Rational Purpose, Appropriateness of Underlying Subject Matter and Suitability of Criteria May 2022
  • Audits and reviews of financial statements for periods beginning on or after 15 December 2022; and
  • Other assurance and related services engagements beginning on or after 15 December 2022.
PDF | Word
Updated SAAEPS 1 - Sustainability Assurance Engagements: Rational Purpose, Appropriateness of Underlying Subject Matter and Suitability of Criteria June 2020 Periods beginning on or after 15 December 2020 PDF | Word
If early adopted: SAAEPS 1 - Sustainability Assurance Engagements: Rational Purpose, Appropriateness of Underlying Subject Matter and Suitability of Criteria Sept 2018 Periods beginning on or after 15 December 2020 PDF | Word
Accountancy SA Articles on SAAEPS 1

At the date of the issue of the updated SAAEPS 1, three articles have been written thereon that have been published in Accountancy SA. The three articles, reproduced here, are as follows:

  •  The new rational purpose requirement written by Pieter Conradie;
  •  Before accepting your sustainability assurance engagement… written by Nicolette Bester; and
  •  SAAEPS 1: A practitioner’s perspective written by Jeremy Grist.

 

Links to related websites: