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Introduction to assurance
Elements of assurance
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.
1.1 Key elements
Practitioner
3 Party Involvement Intended user
Responsible party
E.g. financial statements, other
Subject Matter
financial data, systems
E.g. accounting standards,
Suitable Criteria
UK Corporate Governance Code
Evidence Sufficient and appropriate
Written Assurance Expressing a conclusion or opinion
Report
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