This standard is designed to enhance the credibility of various types of information, including sustainability reports, greenhouse gas emissions statements, and other environmental, social, and governance (ESG) disclosures. It establishes principles and procedures for assurance providers to assess whether the subject matter information is free from material misstatement.
The Scope
ISAE 3000 is a broad standard that can be applied to a wide range of assurance engagements. It requires assurance providers to plan and perform engagements with professional scepticism, obtain sufficient appropriate evidence, and issue an assurance opinion. This standard emphasizes the importance of independence, objectivity, and competence in assurance engagements.
The Importance of ISAE 3000
In the context of carbon reporting, ISAE 3000 can be used to provide assurance on the accuracy and reliability of GHG emissions data, ensuring that stakeholders can trust the reported information. This standard is crucial for companies seeking to demonstrate their commitment to transparency and accountability in their environmental reporting. It is important to know that ISAE 3000 is a general standard, and that with the increase of sustainability reporting, the ISSA 5000 standard was created for sustainability specific assurance.