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 Ver Aica ton of books Onc SAottnent
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check on direc tors

Freper Super uision
Naka lble adise
Loan dacility
Insurante elaim
Dispotes Settlement

o tefne the term AssuranCe engogement4

ngement?

Assurance engaqeent means an engaqementin wich CA

pracioner expresses a Concluslon desiqhed to erhonte the

deree of Confiderce ot the intended users other han 4he
he
responSible party abo he outcome o the eueluation or
me aSureme nt of Subject matker against Cnteria

Two ma 1n tupeS o and

aSSurance e
nqpqement brjefly
eaplanhe diflecen ces be tween he two asSurence nemen )
Under he rame wor k there are tuo
types ot asSurance
enqaement
apractitioner is permittedto erform
ot) Re a Sonable a sSuranCe enqaqemen t

0a) Limi ecl aS Stren Cee nqajeme nt.

Pesonable us5urance Liteol aSSurance

Criteria Evidence Souq Suisiciet 4 sppropriote
Leue o engyeret Low Hi
SK
conc lusion PosiAwetorm Wejatue torm
ypes of
Comporatiue tevel
Hig Mo derete Low
D aSSurance prouiclol
 n?
A A hee dies cl.Ainslup
T r e pa dies eladionstp inuoluing a pror tione
esponsihle nor t nd inlendeod uvers
e ask
>ocdAoners-wbo e fotm
Those responsible Aor preparrinq
ResponSible por ies
-

ecords or Anan cialstde ments

iS
nderode users or whom 4he repor prepored

mot ler
)Anppropriole subjec{
There must be infarmo dion or data
auailable Aht sheuld
be adhovt 2 ed or tor wch an a9Surance is provdeo

to uSerS

(i)Suitable cndera
A Ceria trame wor or resulat onS aqaS which
thesubject mo tder is eva uated

)Sut Aicient bppropriaHew evdence

Suf ficient uaatihy of eviden ce) ard Ppropre
opproprale and

lquoliyof evidmce) endence i5. Collecled to back tke

ISSuronce enqaemert tepor

()wrdken essurance report

A Con clu_ive wrdlen
report intendel o qne con fidance
to uSers he OSSurance
engoment repor
ied pn Ae Cm ca somable ur on(c out
asSironce
) Resonable oSSurance
ReSonmble oSSuronce is lets Ao obtolle SSuronte
Pesoneble sSuronce iS a
hiahlevel o essronfe
MakerioMistalements bu no absolute one.
an

.Resenable aSSurance
e udes Ae uderstordin ere
Is a remote ike{hood thet moter iamissla lernen s l

be preventeol or
deteched on melyboss
) Abgolute ossuronc
Abgolute asSurance means hot there is no asSuranee nsk
Tn abgoluBe asSuran Ce enaqeent {he prac titines expreiws
a

heConc usion in he neqative tor

what are he main reasons luoli tor s are not in postion a

to
queano absolute assurance. reducing the asSurance
engoeent risl o 2erolimi tet ion s An asSurer ce .)
The use o selective -Aestine
The nher ne mitathons otinterna conrsl.
The Aat muah ot euidence avallable Ho the
preatition spersuotive tather n
Conlusi ve.
The use o judgementqatacrmq and evaluo ing
evidence and orminq Conclusions lased on Latevedence
Lo S0me Cases,Ahe charac heris icg o 4 e Sulieet
materwhen eva uated o mesured aqains* he
idendiied Crile
 amono a sSuronte
Bred plein eclodiontbip .non .CSS uron(c
Ser vic c , atlcr 3a4 (sn . S e r vt Ce C

3er vices L
ASSUrance Sex
viCes. a e prolessiano
a1Suron Ce oho ut e
Provide indepmdendd objecdie 5ste Exomple f
finont iainformo tion
or
re
liaH of
reviewS, and tters5oli
aSSuron ce Sevices include ouois ,

SerKe where
atupe assurance
Attersations Serul ceS are

auditor) provides
written or
oro
protessian eg' an

torme ton
stakement aout he relab lH of Spe cidic. n Or

Service is an aud
eMample of an at ter s a ti on
Systems An

financeel statement

Services on efhe oherhond, donot provde

Vovm OSSurance
but insteod
assuurance nthe reli«bity of information
Seroices. Exomple o
provide oduice -or
ConsulHin
pteyoratiOn, nan ia planninq
aSsurance Services.tet
non
and mone qement Consultin
SeruiCeg are mtendeol to proudde
S n Sumwnary aSSuronce
thfor mation whle
Contidene ond trust in an orqani2etidn .

seru es
and mtended to proucle advice .or
non asSuranle

Consul atter Sation Services 1Saspecic ype of

ASSurate Seruices