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What is non assurance engagement?

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Anonymous

13y ago
Updated: 4/30/2022

An assurance engagement is any engagement that increases the level of confidence of third parties and management towards the outcome of an evaluation or measurement of a set of financial statements in accordance with the criteria of the financial reporting standards. This term usually refers to an independent audit.

A non-assurance engagement is therefore an engagement that doesn't impact on the level of confidence in the validity of the financial statements. For example, a compilation of financial information or consulting engagement, such as tax or management consulting.

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Jaden Douglas

Lvl 10
3y ago

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Related Questions

What is assurance and non-assurance engagement?

An assurance engagement is any engagement that increases the level of confidence of third parties and management towards the outcome of an evaluation or measurement of a set of financial statements in accordance with the criteria of the financial reporting standards. This term usually refers to an independent audit. A non-assurance engagement is therefore an engagement that doesn't impact on the level of confidence in the validity of the financial statements. For example, a compilation of financial information or consulting engagement, such as tax or management consulting.


What is the difference between assurance engagement and non assurance engagement?

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What is Webtrust?

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