Regulations and Practices Concerning the Assurance Engagements
Author:
Lisa WEAVER, Martyn JONES, ACCA
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DOI:
Keywords:
assurance engagement, engagement letter, key performance indicator, negative assurance, prospective financial information
Abstract:
This article provides an update on the developing framework for assurance and non-assurance engagements.\r\nThe International Auditing and Assurance Board set up guidance lines to support the practicioners. These can be found in the Handbook which is freely available online www.ifac.org. This article will also present, in brief, the information regarding the different types of assurance engagement (such as reasonable assurance engagemen, limitted assurance engagement etc) and their area of applicability.\r\nACCA understanding the importance of the presented information for the future finance and audit professionals it already included it in the ACCA Qualification syllabus.