Module 10 - Assurance And Other Engagements

Question 1

Key stages of an assurance engagement

Answer 1

1. Acceptance and Continuance
2. Planning (including risk assessment)
3. Systems and control analysis
4. Substantive testing
5. Completion

Question 2

Elements of an assurance engagement

Answer 2

1. 3 party relationship
2. Subject matter
3. Criteria
4. Sufficient appropriate evidence
5. Conclusion