re:Assurance
The ICAEW promotes dialogue about assurance services through the re:Assurance initiative
The re:Assurance initiative aims to:
- Find out where new services could strengthen markets and support economic confidence by making information flows more credible
- Ask how the International Framework for Assurance Engagements can be applied and developed
- Answer demands for practical guidance to meet emerging market needs
Assurance on non financial information
The Faculty has published a paper aimed primarily at practitioners which examines the types of non-financial information on which external assurance reports are currently provided and considers further opportunities for practitioners in this area.
It discusses some of the practical challenges that practitioners might face when providing external assurance reports on non-financial information and identifies some areas for further consideration.
Assurance on non financial information publication
Perspectives on Assurance
The Audit and Assurance Faculty has published a series of three discussion papers within the re:Assurance initiative aimed at specific audiences, those with an interest in public policy, people in business and assurance practitioners. The papers focus on stimulating dialogue on the external assurance services.
Perspectives on publications
- Perspectives on Assurance: Engaging practitioners
- Perspectives on Assurance: Engaging policy makers
- Perspectives on Assurance: Engaging business
International framework
The International Auditing and Assurance Standards Board (IAASB) published the International Framework for Assurance Engagements in 2004. This sets out high-level principles applicable to various types of assurance services
In International Framework
The ICAEW Assurance Service
The Faculty has published an issues paper on the financial reporting needs of audit-exempt companies, guidance on a new assurance service for such companies based on the International Framework, a practical guide to the accounts-related services available to audit-exempt companies and a research report which looks at company views on the new ICAEW Assurance Service
In the ICAEW Assurance Service
Assurance engagements on business relationships
Based on the IAASB Framework and ISAE 3000, the ICAEW has developed a series of best practice guidance on performing assurance services on business relationships, typically on internal controls of service organisations.
In assurance engagements on business relationships
- IAASB exposure draft: ISAE 3402, Assurance Reports on Controls at a Third Party Service Organization (PDF 134kb/28 pages)
- Information on the IAASB Framework and ISAE 3000
- Technical Release AAF 02/07 A framework for assurance reports on third party operations
- Technical Release AAF 01/06 Assurance reports on internal controls of service organisations made available to third parties
- Technical Release ITF 01/07 Assurance reports on the outsourced provision of information services and information processing service
Assurance Engagements: Management of Risk and Liability
In Assurance Engagements
Forthcoming topics
The Faculty identifies new areas where demand for assurance engagements exists
In Forthcoming Topics
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