CONDUCTING THE ASSURANCE ENGAGEMENT
Zero two. Overview of an Assurance Engagement
Zero four. Performing an Assurance Engagement
THE ASSURANCE ENGAGEMENT PROCESS
DETERMINE ENGAGEMENT OBJECTIVES AND SCOPE
Establishing Engagement Objectives
Expected Outcomes and Deliverables
Expected Outcomes and Deliverables
Entity-level Control Analysis
HIGH-LEVEL FLOWCHART CASH DISBURSEMENTS PROCESS
INVOICE PROCESSING SUBPROCESS
DETAILED FLOWCHART INVOICE PROCESSING RISKS
Identifying Key Performance Indicators
Evaluating Process-level Risks
IDENTIFY AND ASSESS RISKS
EVALUATE THE DESIGN ADEQUACY
Evaluate the Design Adequacy
EXAMPLE RISK AND CONTROL MATRIX
ALLOCATE RESOURCES TO THE ENGAGEMENT
Allocate Resources to the Engagement
Allocate Resources to the Engagement
THE ASSURANCE ENGAGEMENT PROCESS
CONDUCT TESTS TO GATHER EVIDENCE
Evaluate Evidence Gathered and Reach Conclusions
Evaluate Evidence Gathered and Reach Conclusions
Develop Observations and Formulate Recommendations