An assurance engagement is one in which the auditor expresses a conclusion designed to increase the confidence of the intended users of a company's reporting, other than the responsible party.
Assurance engagements include:
- assessing (testing) the effectiveness (compliance) of the internal control (internal audit) system;
- assessing (testing) the effectiveness (compliance) of the management system;
- assessing (testing) the effectiveness (compliance) of staff incentive and pay schemes;
- assessing whether the company's activities comply with the law (tax, customs, commercial and other legislation);
- assessing (testing) whether management decisions or individual business transactions comply with the law;
- performing bespoke calculations (economic, financial, strategic and other analysis) to assess the company's position and performance;
- examining prospective financial information;
- other work performed as an assurance engagement.
Be confident that your books are kept properly and your taxes are calculated correctly.
Key Solutions offers:
- Assurance. Assurance services from an audit firm.
- Assurance on the company's key economic performance indicators.
- Audit and assurance.
- Internal and external audit. Assurance.
- Reasonable assurance engagements.
Related pages: audit of a company's financial statements, review audits, cash audit
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