Home' Annual Report : Annual Report 2015 Contents Deloitte’s Independence and Quality Control
We have complied with the independence and other relevant ethical requirements relating to assurance engagements, which are founded on
fundamental principles of integrity, objectivity, professional competence and due care, confidentiality and professional behaviour.
The firm applies Auditing Standard ASQC 1 Quality Control for Firms that Perform Audits and Reviews of Financial Reports and Other
Financial Information, Other Assurance Engagements and Related Services Engagements, and accordingly maintains a comprehensive
system of quality control including documented policies and procedures regarding compliance with ethical requirements, professional
standards and applicable legal and regulatory requirements.
Our responsibility is to express a limited assurance conclusion on the Subject Matter based on the procedures we have performed and
the evidence we have obtained. We conducted our limited assurance engagement 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 in order to express a conclusion whether, based on the procedures performed and
the evidence obtained, anything has come to our attention that causes us to believe that the Subject Matter has not been prepared and presented
in all material respects in accordance with the Reporting Criteria. That standard requires that we plan and perform this engagement to obtain
limited assurance about whether the Subject Matter is free from material misstatement.
A limited assurance engagement in accordance with ASAE 3000 involves identifying areas where a material misstatement of the Subject
Matter information is likely to arise, addressing the areas identified and considering the process used to prepare the Subject Matter in the 2015
Annual Report. A limited assurance engagement is substantially less in scope than a reasonable assurance engagement in relation to both the
risk assessment procedures, including an understanding of internal control, and the procedures performed in response to the assessed risks.
The procedures we performed were based on our professional judgement and consisted primarily of:
review of CPA Australia’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 2015 Annual Report;
• review of CPA Australia’s process to identify and determine material issues to be included in the 2015 Annual Report with examination of
underlying assessments and evidence on a sample basis;
• interviews with a selection of CPA Australia executives and senior management, including CPA Australia’s sustainability management team
concerning the overall governance structure, corporate sustainability strategy and policies used for managing and reporting sustainability
performance across the business;
• comparison of the sustainability content of CPA Australia’s 2015 Annual Report against the core criteria option requirements of the G4
Sustainability Reporting Guidelines.
The procedures performed in a limited assurance engagement vary in nature and timing from, and are less in extent than for, a reasonable
assurance engagement. Consequently, the level of assurance obtained in a limited assurance engagement is substantially lower than the
assurance that would have been obtained had we performed a reasonable assurance engagement. Accordingly, we do not express an opinion
providing reasonable assurance about whether the Subject Matter in the 2015 Annual Report has been properly prepared and presented, in all
material respects, in accordance with Reporting Criteria.
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 Australia’s Reporting Criteria as set out in the 2015 Annual Report.
Limitations of use
This report is made solely to the directors of CPA Australia in accordance with our engagement letter dated 18 January 2016, for the purpose
of providing limited assurance over material non-financial information contained within CPA Australia’s Annual Report. 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 directors of
CPA Australia or for any purpose other than that for which it was prepared.
Matters relating to electronic presentation of information
Our limited assurance engagement included web-based information that was available via web links as of the date of this statement. We
provide no assurance over changes to the content of the 2015 Annual Report after the date of this assurance statement.
Based on the procedures performed and the evidence obtained, nothing has come to our attention that causes us to believe that the Subject
Matter has not been properly prepared and presented, in all material respects, in accordance with the Reporting Criteria.
DELOITTE TOUCHE TOHMATSU
Sydney, 26 February 2016
106 fINANCIAL REPORT
CPA AUSTRALIA 2015 INTEGRATED REPORT
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