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Chapter 1

1.2 The 3 party relationship

Responsible
Practitioner Intended User
Party

Depends on the Usually the
Assurance firm assignment directors

Example 1

Buying a house

Need for assurance

There is a risk that a person pays a large sum of money to purchase a
structurally unsafe property which needs further expenditure to make it
habitable. To reduce this risk, it is normal for house buyers to pay a property
surveyor to perform a structural assessment of the house.

With this information the potential buyer can then make their decision whether
or not to buy the house with the confidence that they know its structural
condition.

Five elements

3 parties – surveyor (practitioner), buyer (intended user) and seller
(responsible party).

Subject matter – house

Suitable criteria – building regulations/best practice.

Evidence – obtained by the surveyor performing an inspection of the property.

Written assurance report – Surveyor’s report identifying any structural
deficiencies.

4