Environmental impact assessment
An environmental impact assessment evaluates the potential environmental effects of a proposed project or activity, often before a decision is made. It may consider alternatives, mitigation and consultation under applicable law. An assurance practitioner may evaluate aspects of the resulting information where within an engagement.
Worked example
A proposed mine is assessed for potential effects on water, land and biodiversity, including possible mitigation.
Common mistake
The assessment is project-specific and does not automatically constitute an independent audit opinion.
Where it appears in your exams
| Qualification | Exam | Relationship | Period |
|---|---|---|---|
| ACCA | AAA (INT) | Supporting | September 2026–June 2027 |