This chapter provides a brief explanation of key audit concepts and how they are to be applied and interpreted.
Assurance and verification engagements of information, prepared in accordance with the various schemes administered by the Clean Energy Regulator, are usually performed under the NGER Audit Determination.
The assurance and verification engagements will be conducted by greenhouse and energy auditors, registered by the Clean Energy Regulator. In designing the NGER Audit Determination, the contemporary Department of Climate Change and Energy Efficiency considered the requirements of a number of existing standards and guidance statements, including those prepared by the Auditing and Assurance Standards Board (AUASB), the Accounting Professional and Ethical Standards Board (APESB) and the International Organisation for Standardisation (ISO).
However, common terms used in the NGER Audit Determination may have a slightly different interpretation to those used in the standards noted above. A glossary of common terms is provided later in this handbook and an explanation of some of the key differences is provided in this chapter.