According to ISAE 3410, what is the level of assurance provided on greenhouse gas statements?

ISAE 3410, which pertains to the assurance engagements on greenhouse gas statements, specifically provides a framework for obtaining reasonable assurance about whether the greenhouse gas information is free from material misstatement. Reasonable assurance is a level of assurance that is less than absolute assurance but is intended to increase the confidence of users in the information reported.

In the context of greenhouse gas emissions, attaining reasonable assurance reflects a thorough review and evaluation of the processes, controls, and data used by an entity in reporting its emissions. This involves rigorous auditing procedures and a detailed examination of the systems in place. For stakeholders, such as investors or regulatory bodies, reasonable assurance indicates a substantial level of confidence in the reliability of the reported numbers without guaranteeing them to be completely free of error, unlike absolute assurance, which is rarely attainable in practice.

Other options, such as absolute assurance, suggest an unrealistic level of certainty that is not achievable in this context. High-level assurance is not a recognized term within ISAE standards and could lead to ambiguity regarding the type of assurance being provided. No assurance implies a complete lack of verification, which is contrary to the purpose of ISAE 3410. Thus, the correct choice indicating that ISAE 3410 provides reasonable assurance aligns with the framework established