Limited Assurance Engagements

A precise starting point

The request needs a clear subject matter, suitable criteria against which it can be assessed, intended users and a defined reporting purpose. Vague requests for a general approval or guarantee cannot be treated as an assurance scope.

What we establish before engagement

• The responsible party and intended users.
• The subject matter and period.
• The criteria to be used and whether they are suitable and available.
• The evidence likely to exist and any access restrictions.
• The form, distribution and intended use of the report.
• Conflicts, independence, competence, capacity and deadlines.

What the work can and cannot say

Procedures are designed for the agreed limited assurance conclusion and are narrower than those performed in a reasonable assurance or statutory audit engagement.

The report and its limitations must be read in the context of the agreed subject matter, criteria and intended users. No outcome is promised before evidence has been assessed.