Module 10 - Assurance And Other Engagements Flashcards Preview

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Flashcards in Module 10 - Assurance And Other Engagements Deck (2)
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1

Key stages of an assurance engagement

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

2

Elements of an assurance engagement

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