Home' Annual Report : Annual Report 2014 Contents Deloitte’s responsibilities
Our responsibility is to express a limited assurance conclusion as to whether we have become aware of any matter causing us to believe that
the Subject Matter has not been prepared, in all materials respects, in accordance with the Reporting Criteria.
We conducted our procedures to provide our limited assurance conclusion in accordance with Australian Standards on Assurance
Engagements ASAE 3000 ‘Assurance Engagements Other than Audits or Reviews of Historical Financial Information’ (ASAE 3000), issued
by the Australian Auditing and Assurance Standards Board. The procedures selected depend on our judgment, including an assessment of
the risks of material misstatement of the Subject Matter, whether due to fraud or error. In making these risk assessments, we consider internal
control relevant to CPA’s preparation and presentation of the Subject Matter in the 2014 Annual Report in order to design assurance procedures
that are appropriate in the circumstances, but not for the purpose of expressing a conclusion on the effectiveness of CPA’s internal controls.
Assurance work performed
In order to form our conclusion we undertook the following limited assurance procedures:
• Review of CPA’s processes relating to stakeholder identification, engagement and responsiveness, including an assessment of
stakeholder engagement outcomes and how this process and the outcomes have been presented in the 2014 Annual Report
• Review of CPA’s process to identify and determine material issues to be included in the 2014 Annual Report with examination of
underlying assessments and evidence on a sample basis
• Interviews with a selection of CPA executives and senior management, including CPA’s sustainability management team concerning
the overall governance structure, corporate sustainability strategy and policies used for managing and reporting sustainability
performance across the business
• In respect of the Selected indicator data:
interviews with a selection of CPA management responsible for the Selected indicator data to understand the compilation
and review processes
applying analytical and other review procedures including assessing relationships between the reported information and
other financial and non-financial data
examination of evidence for a small number of transactions or events
analysing and inspecting on a sample basis, the key systems, processes and procedures and controls relating to the collation,
validation, presentation and approval process of the sustainability information included in the 2014 Annual Report.
review underlying evidence on a sample basis to corroborate that the sustainability information is prepared and reported
in line with the relevant reporting criteria.
• Comparison of the sustainability content of CPA’s 2014 Annual Report against the core criteria option requirements of the
G4 Sustainability Reporting Guidelines.
A limited assurance engagement is restricted primarily to enquiries and analytical procedures and the work is substantially less detailed
than undertaken for a reasonable assurance engagement. As such the level of assurance is lower than would be the case for a reasonable
assurance engagement.We believe that the assurance evidence we have obtained is sufficient and appropriate to provide a basis for our
Non-financial information, including the Subject Matter may be subject to more inherent limitations than financial information, given both
its nature and the methods used for determining, calculating and sampling or estimating such information. Qualitative interpretations of
relevance, materiality and the accuracy of data are subject to individual assumptions and judgements. The Subject Matter should be read
in the context of CPA’s Reporting Criteria as set out in the 2014 Annual Report.
Use of our report
Our assurance report has been prepared solely for the directors of CPA. We disclaim any assumption of responsibility for any reliance
on this report or on the Subject Matter to which it relates, to any person other than the Management of CPA or for any purpose other
than that for which it was prepared.
106 FINANCIAL REPoRT
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