Documenti di Didattica
Documenti di Professioni
Documenti di Cultura
ASSURANCE-RELATED
SERVICES
Learning Outcomes
Introduction
Assurance services
– An independent professional service 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.
(IFAC)
Introduction (cont.)
Introduction (cont.)
– Types:
(i) Risk assessment
(ii) Information system reliability
(iii) Business performance measurement
(iv) Electronic commerce
Introduction (cont.)
Introduction (cont.)
Introduction (cont.)
Review
– The practitioner provides a conclusion in the form
of negative assurance.
– The report states whether any information came
to the practitioners’ attention to indicate that the
assertions are not presented in all material
respects in conformity with the applicable criteria.
– Unrestricted in its distribution.
Examination
– results in a conclusion (positive form);
– In the report, the practitioner makes a direct
statement as to whether the presentation of the
assertions conforms to the applicable criteria.
– The report is unrestricted as to distribution by the
client after it is issued (client can provide the
information being examined and the related
report to anyone).
Types of engagements:
– Audits of FS prepared on an Other
Comprehensive Basis of Accounting (OCBOA);
– Audits of specified elements,
– Accounts or items;
– Compliance with contractual agreements; and
– Summarized FS
General considerations:
(a) The auditor should ensure there is an agreement with
the client as to the exact nature of the engagement
and form or content of the report to be issued;
(b) In planning audit work, the auditor should have a clear
understanding of the purpose and the users of the
information being reported.
(c) When the auditor is requested to report in a prescribed
format, the auditor should make appropriate changes
to conform with the requirement of the auditing
standards.
FUNDAMENTALS OF AUDITING All Rights Reserved
© Oxford Fajar Sdn. Bhd. (008974-T), 2017 1– 13
1
4
Special Purpose Audit (cont.)