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ACCT 460 SUNY Providing Assurance for Sustainability Auditing Case Study Ques
1. What is corporate social responsibility (CSR) reporting? Why do companies provide CSR reports? Why would a company, such as Brobeck, want to have external assurance on its sustainability (a.k.a. CSR) report?
2. Identify and briefly describe the more prevalent generally accepted standards or frameworks (domestic and international) available to guide preparers (U.S. public companies) of sustainability reports. Identify and briefly describe the more prevalent generally accepted standards or frameworks (domestic and international) available to providers of assurance on sustainability reports of U.S. public companies.
3. What are the alternative levels of assurance that Owl CPAs could provide on Brobeck’s sustainability report? In your opinion, what level of assurance should Owl CPAs provide on Brobeck’s sustainability report? Explain the reason(s) for your decision.
4. Assuming Brobeck engages Owl CPAs to provide a review of its sustainability report, prepare an assurance program that details the appropriate procedures/activities necessary to gather sufficient evidence to support the requested assurance level. In completing this requirement, identify the assurance objective based on the relevant assurance standards and then provide a list of specific procedures required to accomplish the objectives that are tailored to Brobeck’s sustainability assurance engagement.
5. Assuming the procedures you identified in Requirement 4 are satisfactorily performed (that is, you obtained sufficient, appropriate evidence to support the requested assurance level and form an opinion on Brobeck’s CSR reporting), draft the applicable assurance report. OPTIONAL QUESTION – 3 POINTS 6. How would this engagement be affected if Owl CPAs performed the annual financial statement audit of Brobeck? Explain the reason(s) for your decision.
