SOP 13-1 released to update and supersede SOP 03-2

A new Statement of Position (SOP) released under the authority of the Auditing Standards Board establishes guidance for attest engagements on entities’ greenhouse gas emissions statements.

SOP 13-1, Attest Engagements on Greenhouse Gas Emissions Information, supersedes SOP 03-02, which had the same title. The SOP guides practitioners performing an examination or a review of a greenhouse gas emissions statement containing either a schedule with the subject matter or an assertion relating to information about an entity’s greenhouse gas emissions.

The SOP also provides guidance on the application of AT Section 101, Attest Engagements, to greenhouse gas emissions attest engagements.

SOP 13-1 takes effect for reports on greenhouse gas emissions information issued on or after Sept. 15. Early implementation is permitted.