Other Assurance Engagements
Other assurance engagements refer to various types of statements and assessments that do not necessarily fall under standardized audit tasks. These engagements can include specific evaluations of a company's financial condition, compliance with legislation, internal control systems, or other relevant matters. The purpose of these statements is to provide an independent assessment, which can help stakeholders, such as investors and creditors, better understand the company's situation.
When are these engagements used?
These tasks are used when a company or stakeholder requires a special statement or assessment not covered by standard audit services. Examples include statements on legal and regulatory compliance, evaluations of internal control systems, or specific transaction declarations. The purpose of other assurance engagements is often to meet particular needs for security or confidence among the company's stakeholders, such as investors, management, or authorities.
