Assurance services are engagements in which an independent chartered accountant takes a close look at some specified business information, comparing it to agreed criteria. Through its Audit & Assurance Faculty, ICAEW promotes dialogue about assurance services to help practitioners and those commissioning and using assurance reports.
ICAEW has brought together investors and assurance experts to discuss this fast-developing field and created The Audit and Assurance Innovation Panel (TAAIP). The panel works to share emerging best practice, develop innovative thinking and look ahead to where the assurance market is going next.
TAAIP aims to:
- Find out where new services could strengthen markets and support economic confidence by making information flows more credible.
- Ask how the International Framework for Assurance Engagements can be applied and developed.
- Answer demands for practical guidance to meet emerging market needs.
Read the latest publications below:
Assurance maps can be a powerful tool providing great insights for boards, senior management and audit committees. Here the Audit and Assurance Faculty provides an introduction to the concept of assurance maps and the benefits to various stakeholders.
Businesses, investors, accountants and regulators are all on a journey to find the right assurance over the right information in the financial statements, the rest of the annual report, and beyond.