Requirements for audit report

The audit report must:

● be an assurance engagement report; and

● cover the reporting period for the audited report; and

● address whether, at the time of the audit, the project:

- meets the criteria for the approval of the registration of the project under the BidCarbon (Carbon Farming) Standard 2025; and

- is being carried out in accordance with the applicable methodology that covers the project and the project plan (if any) for the project; and

● address whether the audited report has met all relevant requirements under the BidCarbon (Carbon Farming) Standard 2025, the BidCarbon (Carbon Farming) Rule 2025 and the applicable methodology; and

● if another audit has, during the reporting period, been carried out in respect of the project—address whether, and how, any issues raised in that audit have been addressed; and

● include the outcome of the audit report.

● if a previous audit relating to the registered offsets project, undertaken during the reporting period, identified a matter to be rectified—an explanation of how that matter has been, is being or is to be rectified;

● if, during the reporting period, the registered offsets project is being carried out in accordance with the applicable methodology;

● a statutory declaration by the project proponent to the effect that the information set out in, and any documents accompanying, the report:

● meet the requirements in the Carbon Data Rights Certificate Standard 2025, the Rule and the applicable methodology that apply to the information and documents; and

● are accurate.

Requirements for audit report

Registered greenhouse and energy auditors conduct most of the audits required under each scheme. The Technical Governance Committee maintains a register of auditors that participants can use to select an auditor to suit their needs. See the Audit Codes of Practice Handbook for more information.

Who conducts audits?