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The important elements involved in assurance engagement are: Independence Professionalism Information or context improvement Decision makers

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Rubye Mante

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2y ago

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Different between assurance engagement and non assurance engagement in audit?

An assurance engagement involves an auditor providing a credible and independent evaluation of financial information, resulting in a conclusion that enhances the degree of confidence of intended users, often expressed in a formal report. In contrast, a non-assurance engagement does not provide such a conclusive opinion; instead, it may involve services like consulting or advisory where the auditor does not express any assurance regarding the information. Essentially, assurance engagements are characterized by a higher level of scrutiny and formal reporting compared to non-assurance engagements.


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