4142234
Beschreibung
Mindmap von Darren Govert Ca, aktualisiert more than 1 year ago
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Erstellt von Darren Govert Ca
vor etwa 9 Jahre
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PHILIPPINE
FRAMEWORK FOR
ASSURANCE
ENGAGEMENTS
- DEFINITION AND OBJECTIVE OF AN
ASSURANCE ENGAGEMENT
- Assurance
engagement
- Subject matter
information
- Assertion-based
engagements
- Direct
reporting
engagements
- Assurance
engagement
- TYPES OF ASSURANCE ENGAGEMENT
- Reasonable assurance
engagement
- Limited assurance
engagement
- Reasonable assurance
engagement
- SCOPE OF THE FRAMEWORK
- The following are non-assurance engagements and therefore are not
covered by the framework: 1.) Engagements covered by PSRSs such
as agreed-upon procedures engagements and compilations of
financial or other information; 2.) The preparation of tax returns
where no conclusion conveying assurance is expressed; 3.)
Consulting (or advisory) engagements, such as management and tax
consulting.
- The following are non-assurance engagements and therefore are not
covered by the framework: 1.) Engagements covered by PSRSs such
as agreed-upon procedures engagements and compilations of
financial or other information; 2.) The preparation of tax returns
where no conclusion conveying assurance is expressed; 3.)
Consulting (or advisory) engagements, such as management and tax
consulting.
- REPORTS ON NON-ASSURANCE ENGAGEMENTS
- A practitioner reporting on an engagement that is not an
assurance engagement within the scope of this Framework, clearly
distinguishes that report from an assurance report. So as not to
confuse users, a report that is not an assurance report avoids, for
example: 1.) Implying compliance with this Framework, PSAs, PSREs
or PSAEs; 2.) Inappropriately using the words “assurance,” “audit” or
“review.”; 3.) Including a statement that could reasonably be mistaken
for a conclusion designed to enhance the degree of confidence of
intended users about the outcome of the evaluation or
measurement of a subject matter against criteria.
- A practitioner reporting on an engagement that is not an
assurance engagement within the scope of this Framework, clearly
distinguishes that report from an assurance report. So as not to
confuse users, a report that is not an assurance report avoids, for
example: 1.) Implying compliance with this Framework, PSAs, PSREs
or PSAEs; 2.) Inappropriately using the words “assurance,” “audit” or
“review.”; 3.) Including a statement that could reasonably be mistaken
for a conclusion designed to enhance the degree of confidence of
intended users about the outcome of the evaluation or
measurement of a subject matter against criteria.
- ENGAGEMENT ACCEPTANCE
- ELEMENTS OF AN ASSURANCE ENGAGEMENT
- 1. A three party
relationship
involving:
- Practitioner
- Responsible Party
- Intended Users
- Practitioner
- 2. An appropriate
subject matter,
- 3. Suitable Criteria
- 4. Sufficient
appropriate
evidence
- 5. A written assurance report in the form
appropriate to a reasonable assurance
engagement or a limited assurance
engagement.
- 1. A three party
relationship
involving:
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