Audit types

An initial audit report ought to be presented alongside the first report for your project, submitted within the first two years of the crediting period, or within five years of the crediting period for sequestration projects. Project reports may be delivered up to six months following the end of the reporting period.

In some cases, a project may report more frequently than every six months. In these cases, the initial audit must cover a period of at least six months and must be submitted with the final report covering the 6 month period.

An initial audit report will provide confidence that the implementation of your project is in accordance with the legislative requirements. It is recommended that you complete and submit this audit report as soon as possible after the initial six month period.

The initial audit will cover the:

● project registration and assessment of the forward abatement schedule

● report for the first reporting period, including accuracy of the measurement of abatement to date

● operation of the project, and

● all other matters relating to the establishment and operation of the project in accordance with the BidCarbon (Carbon Farming) Standard and method relevant to the project.

Initial audits

Subsequent audits

Subsequent audit reports should be submitted according to the project's audit schedule, received during project registration.

The audit schedule's purpose is to guarantee that your project is audited during peak abatement periods, ensuring the maximum number of BRUs issued across the crediting period can be confirmed. The scheduled audits are necessary to establish reasonable assurance that the abatement achieved and reported by a project is precise. Subsequent audits will cover a minimum reporting period of 12 months.

Threshold audits

If a report claims more than 60,000 t CO2-e of abatement for a period, an additional audit is necessary. Determining the full extent of threshold audits is up to the discretion of the Technical Review Committee. Therefore, project proponents are urged to get in touch with the Technical Review Committee before defining the bounds of a threshold audit with the auditor.