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Other Canadian Standards

FAQs – Extended External Reporting (EER)

Looking for answers to common questions about sustainability or environmental, social and governance assurance? Check out these Frequently Asked Questions (FAQs) for all the information you need! We start with basic information then provide details on performing an assurance engagement on EER.

Use the navigation pane on the right to quickly see the topics the FAQs cover. They are listed in order of the flow of an assurance engagement.

Extended external reporting (EER)

What is EER information?

Engagement team competence

What competence and capabilities are needed for an EER assurance engagement?

Professional skepticism and judgment

How do I apply professional skepticism and professional judgment in an EER assurance engagement?

Preconditions for the engagement

Has the EER assurance engagement met the preconditions?

Level of assurance

What is the difference between reasonable and limited assurance?

Understanding the entity’s process for identifying reporting topics

What do I need to do if the entity has its own process for how it chooses the items to report on?

Suitable criteria

How do I determine if the reporting criteria are suitable for an EER assurance engagement?

Understanding the entity’s process for preparing EER information

How is the entity’s process for preparing subject matter information (including internal controls) considered in an EER assurance engagement?

Assertions

What are assertions and how could I use them in my EER assurance engagement?

Obtaining evidence

How do I manage the challenges of obtaining sufficient appropriate evidence for an EER assurance engagement?

Materiality

What should I consider when identifying and assessing the materiality of misstatements in reported EER information?

Qualitative information

What are the specific considerations when an EER assurance engagement includes reporting on qualitative information?

Future-oriented information

What are the specific considerations when an EER assurance engagement includes reporting on future-oriented information?

Communication

How do I ensure I communicate effectively in the assurance report?