1. External presentation The views and opinions expressed by guest speakers do not necessarily reflect the views or position of the Clean Energy Regulator. Tim Pittaway, RSM Bird Cameron

2. Annual Audit Workshops 2015 My Experience as an RGEA Presented by: Tim Pittaway RSM Bird Cameron

3. Introduction  My Background  NGER Audit Experience  Lessons Learnt  Challenges and Issues Faced  Case Study  Questions

4. My Background  Financial audit background  Moved to Risk Advisory Services – became a CIA  Established RSM “Climate Change & Sustainability” Team  Involved in other energy and carbon-related schemes, eg. VRET, VEET, ESS, NCOS  Recognised audit requirements initially under proposed CPRS and similarities to financial audit

5.  Became RGEA in 2010  Since then: – Involved in pilot scheme in 2011 – Became Category 3 RGEA in 2012 – Involved with AuASB in developing GS021 in 2012 – Involved as Team Leader in each of 2012-13, 2013-14 and 2014-15 NGER audit programs – Team Leader on small number of CFI audits – Acted as peer reviewer on many NGER and CFI  Audits conducted across wide range of industries  Have seen many developments in the audit program NGER Audit Experience

8. Lessons Learnt  Similarities to financial and other audits  …But also many differences  Key Lessons in NGER audit generally: – Thorough planning and regular communication important – Appropriate team and resources – Communication with CER and auditee – Early discussion on issues identified – Understanding of auditing standards, particularly where modified conclusion

9. Challenges and Issues  Common Audit Issues – Documentation, eg. Basis of Preparation – More issues where no recent audit performed – Completeness – data, minor emissions sources (risk v compliance) – Have noticed improvement over time  Role as Team Leader – Sub-contracting arrangements – Limited v reasonable assurance – Modified conclusions – Fee pressure, particular CFI  Role as Peer reviewer

10. Case Study – CFI Audits  Team Leader for two “very different” CFI Audits – Audit 1 – 2013 - Diverting waste to an alternative waste treatment facility – Audit 2 – late 2014 - Reforestation and Afforestation – 1.2  Challenges – Technical subject matter – Different contractor with industry experience also engaged for both – Ensuring appropriate peer review  Learnings (and to take into ERF) – Team is critical – need technical expertise matched to methodology, as well as assurance expertise, but Team Leader needs to bring together – Understand reporting requirements

11. Questions?

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