the climate integrity of Certified Climate Bonds. A key part of the Standard is a suite of sector-specific eligibility Criteria. Each Sector Criteria sets climate change benchmarks for that sector that
a clear signal to investors and intermediaries on the climate integrity of Certified Climate Bonds. A key part of the Standard is a suite of sector-specific eligibility Criteria. Each Sector Criteria
meeting, the SEC took part in the direction of the IFRS as well as proposed discussion on practical issues regarding application of the IFRS in the ASEAN countries. This is expected to ultimately lead to
means any assets and activities are potentially eligible use-of-proceeds, if they meet the necessary requirements. STEP 3 STEP 2 STEP 1 • Element Energy • EIB • EBRD • University College London
(2019-2021), the SEC stepped up the inspection on each element to conform with today's changing contexts. More in-depth inspections on the areas containing risks to audit quality and sustainability of
audit firms and the auditors have improved significantly on the overall audit quality and on each element of their firm-level quality control systems, compared to the results from the first-cycle audit
for quality within the firm” and “human resources” elements, as compared to the results from the 2 or 1 cycle. Meanwhile, the “ethical requirements”, an element of observations and further improvement
relevant technology element Identify and assess risks arising from IT Understand, identify, and test relevant ITGC Conclude on risks arising from IT and determine audit response Evaluate deficiencies in ITGC
TSQC1 consists of six elements, all of which are important for the system of quality control, deficiencies in one element inevitably affect the working of others and resolving a weakness in one element
inspection results in the 3 inspection cycle (2017-2018); the score in each element of the quality control system of most audit firms was higher than that during the 2 cycle, notably the ‘monitoring’ element