Page 11 - AA Integrated Workbook STUDENT 2018-19

Introduction to assurance

The confidence inspired by a reasonable assurance report is designed to be greater
than that inspired by a limited assurance report.

Therefore:

 There are more regulations/standards governing a reasonable assurance
assignment

 The procedures carried out in a reasonable assignment will be more thorough

 The evidence gathered will need to be of a higher quality.

2.2 Different types of engagement

The following are some examples of assurance engagements:

 Audit of financial statements

 Review of financial statements

 Examination of a forecast

 Review of internal controls

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