Standard on Assurance Engagements (SAE) 3410 Assurance Engagements on Greenhouse Gas Statements
Global climate change (GHG) is one of world’s most significant long-term policy challenges. Project to develop a standard for assurance engagements on greenhouse gas (GHG) statements was started by the IAASB in 2007.
With the increasing attention given to the link between GHGs and climate change, many entities are quantifying their GHG emissions for internal management purposes, and an increasing number are also preparing a GHG statement:
- As part of a regulatory disclosure regime;
- As part of an emissions trading scheme; or
- To inform investors and others on a voluntary basis. Voluntary disclosures may be, for example, published as a stand alone document; included as part of a broader sustainability report or in an entity’s annual report; or made to support inclusion in a “carbon register.
The Institute of Chartered Accountants of India (ICAI) has issued Assurance Engagements on Greenhouse Gas Statements to deal with assurance engagements to report on an entity’s GHG statement.
This SAE applies to assurance procedures performed with respect to the GHG statement other than when the GHG statement is a relatively minor part of the overall information subject to assurance; and the Guidance Note on Reports or Certificates for Special Purposes(hereinafter referred as “the Guidance Note”)(or another SAE dealing with a specific underlying subject matter) applies to assurance procedures performed with respect to the remainder of the information covered by the practitioner’s conclusion.
Download SAE) 3410 on Greenhouse Gas Statements Click Here >>
- Commonality of directors of companies does not mean deposits received was bogus
- Application though named as rectification but if tax is not legitimate, it also touches merit: HC
- Cost of acquisition as on 01.04.1981 taken as per valuer report by reverse indexing of FMV
- AO was directed to serve notice of hearing through physical mode upon assessee
- ICAI Intermediate & Foundation Examinations to be held thrice in a year from May/June 2024
 3410 on Greenhouse Gas Statements){kind=link}