Accounting principles | business valuation | topics | career center | dictionary | accounting Q & A | quizzes | about us


Popular Accounting Topics

Accounting for Merchandising Activities
Debits and Credits (Double Entry Accounting)
Time Value of Money & Present/Future Values
Complex Debt & Equity Instruments
Common Stock & Shareholder's Equity
Accounting & Finance Ratios
Valuing Common Stock
Corporate Income Taxes
Lower of Cost or Market (LCM) & Inventory Valuation
Chart of Accounts & Bookkeeping
Bonds Payable & Long Term Liabilities
Capital Assets

What category of browser are you on this website?






Assurance Engagement

An assurance engagement is when an auditor provides a written conclusion on a subject matter using suitable criteria for which the accountable party (company management) is responsible

• Assurance standards- do not have to understand the internal control structure.

• Assurance standards do require training and proficiency in assurance engagements and knowledge of the subject matter.

• Assurance engagement may be on Financial Info or other info i.e. A process

• Attest and audit engagements are both assurance engagements (see pg.7 Figure 1-2)

• Example: Attest to the quality of controls in an e-business environment

>> More Accounting Terms & Glossary?

© Accounting Scholar | Privacy Policy & Disclaimer | Contact Us