OAR 340-272-0455
Material Misstatement Assessments for CFP Project Reports Submitted under OAR Chapter 340, Division 253
(1)
The verification team must conduct separate assessments of material misstatement of project data for each CFP project report submitted under OAR chapter 340, division 253. The assessments of material misstatement of projet data must meet all of the requirements of this rule.(2)
Material misstatement of project data includes any discrepancy as described in subsection (a) of this section, omission as described in subsection (b) of this section, or misreporting as described in subsection (c) of this section, or aggregation of the three, identified in the course of verification services that leads a verification team to believe that the project report contains one or more errors that, individually or collectively, result in an overstatement greater than five percent of the responsible entity’s reported emissions reductions.(a)
Discrepancies include any differences between the reported emissions reductions and the verifier’s calculated value based on data checks under OAR 340-272-0430 (Data Checks).(b)
Omissions include any emissions, excluding any emissions reductions, the verifier concludes must be part of a project report, but were not included.(c)
Misreporting includes duplicate, incomplete, or other emissions or emissions reductions data the verifier concludes should or should not be part of a project report.(3)
A material misstatement of project data is not found when discrepancies, omissions, or misreporting, or an aggregation of the three, result in an understatement of reported emissions reductions in the project report.(4)
The following equation for percent error must be used to determine whether the greenhouse gas reductions quantified and reported in the project report contain a material misstatement of project data and must be included in the final verification report according to OAR 340-272-0495 (Independent Review and Completion of Verification Services).(5)
Any discrepancies, omissions, or misreporting found must include the positive or negative impact on the reported emissions reductions when entered in the equation in section (4).(6)
When evaluating material misstatement of project data, correctly substituted missing data must be deemed to be accurate, regardless of the amount of missing data.
Source:
Rule 340-272-0455 — Material Misstatement Assessments for CFP Project Reports Submitted under OAR Chapter 340, Division 253, https://secure.sos.state.or.us/oard/view.action?ruleNumber=340-272-0455.