At this stage of an assurance engagement it is important to examine the costs and benefits to determine the best approach from the perspective of the key stakeholders in the engagement.
It is likely that the assurance provider will be able to identify a number of ways to carry out an assurance engagement. These different approaches will have different cost/benefit implications.
Once the nature of any assurance engagement has been agreed between the client and their assurance provider, an engagement letter can be signed and the work can go ahead.
ICAEW's assurance resource
This page is part of ICAEW’s online assurance resource, which replaces the Assurance Sourcebook.
Buyer's guide to assurance on non-financial information
Find out more about the 'Buyer's guide to assurance on non-financial information' from WBCSD.
Find out more