Week 1 - Seminar Notes Flashcards
1
Q
What is an assurance engagement?
A
An assurance engagement is one in which a practitioner expresses a conclusion designed to enhance the degree of confidence of the intended users other than the responsible party about the outcome of the evaluation or measurement of a subject matter against criteria.
2
Q
What are the key elements of an assurance engagement?
A
- 3rd Party Involvement
- Subject Matter
- Suitable Criteria
- Sufficient Appropriate Evidence
- Written Assurance Report
