assuranceengagements
Assurance engagements are professional services in which a practitioner assesses information or a process and provides an assurance report intended to enhance confidence among users about the reliability of that information. The subject matter of an assurance engagement can be financial or non-financial and may include financial statements, internal controls, compliance with laws and regulations, or sustainability and other non-financial performance information. The practitioner’s objective is to form a conclusion or opinion based on evidence obtained in accordance with applicable assurance standards.
Standards and scope: In many jurisdictions, assurance engagements are governed by international standards issued by the
Engagement process: The practitioner must be independent and follow a planned, systematic approach. The engagement involves
Outcomes and limitations: An assurance engagement results in an opinion or conclusion that is intended to increase