ICAI

Standard on Assurance Engagements (SAE) 3410 on Greenhouse Gas Statements

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 >>

CBDT extends due date of tax audit for FY 2025-26 to 21st October 2026

CBDT has extended the due date for furnishing Return of Income for Assessment Year 2026-27 (FY 2025-26) in respect of…

5 hours ago

Income Tax

Denying accumulation of u/s 11(2) merely on grounds of delay in filing Form No. 10 is unsustainable

Denying the accumulation of u/s 11(2) merely on grounds of a procedural delay in filing Form No. 10 is unsustainable…

2 days ago

Empanelment

Engagement of 05 Young Professionals CAs at Central Registrar of Cooperative Society

Engagement of 05 Young Professionals CAs in the Office of Central Registrar of Cooperative Society on contractual basis The office…

2 days ago

Income Tax

AO can’t take two different stands on immunity u/s 270AA(2) for a same transaction

Immunity u/s 270AA(2) in respect of a single transaction can not be denied to one assessee when the penalty was…

3 days ago

Income Tax

ITAT held 2000 gram jewellery reasonable in view of customary practices & CBDT Instruction

ITAT deleted addition u/s 69A towards jewellery found in search in view of Indian traditions, CBDT Instruction and High Court…

4 days ago

Income Tax

Documents obtained post search & information obtained from public domain not incriminating material

Documents obtained post search and information obtained from the public domain not incriminating material. Documents obtained by AO post search…

5 days ago