Singapore legislation

Regulation 8

of Carbon Pricing (Measurement, Reporting and Verification) Regulations 2018

Regulation 8

Assessment of monitoring plans by external auditor

Subregulation 1

An external auditor appointed by a registered person pursuant to section 13(2) of the Act must have, to the Agency’s satisfaction, sufficient knowledge in and experience with pertinent matters to —

(a)

assess a monitoring plan and its supporting documents for a taxable facility under paragraph (3); and

(b)

submit a report on an assessment of the monitoring plan and its supporting documents under paragraph (4).

Subregulation 2

The pertinent matters for the purpose of paragraph (1) are —

(a)

the measurement, reporting and verification of GHG emissions in an industry in which the taxable facility operates;

(b)

these Regulations; and

(c)

any other matter specified by the Agency that is relevant to the assessment of monitoring plans and submission of reports on such assessments.

Subregulation 3

The assessment required by paragraph (1)(a) is an assessment as to whether —

(a)

the monitoring plan and its supporting documents are in compliance with these Regulations;

(b)

the supporting documents are complete and consistent with the monitoring plan; and

(c)

the monitoring plan has any error in relation to any primary or alternative method, step or procedure used or to be used to compute the total GHG emissions from the taxable facility.

Subregulation 4

The report on an assessment required by paragraph (1)(b) must include —

(a)

the objectives and scope of the assessment;

(b)

the criteria used by the external auditor to assess the monitoring plan, where applicable;

(c)

the description of any error mentioned in paragraph (3)(c), and how it is resolved;

(d)

the dates when visits to the taxable facility were made and by whom;

(e)

any recommendation for any improvement to be made by the registered person; and

(f)

a statement as to whether —

(i)

the monitoring plan accurately reflects the processes and activities of the taxable facility; and

(ii)

the monitoring plan and its supporting documents comply with these Regulations.

Read in full context — Carbon Pricing (Measurement, Reporting and Verification) Regulations 2018 →