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Audit v other forms of assurance – a Special Report

Public audit plays an important part in safeguarding public money and for confirming that those responsible for handling public money are held accountable for its use.

In addition to the audit of financial statements, there can be legislative requirements for reports as well as other requests for external scrutiny over how public money is spent.

This paper explains the differences between the different forms of assurance, and why it is important for those seeking assurance to understand these differences, the work that has been carried out and what it is that they are actually receiving, so they can make appropriate judgements and decisions about the use of public monies.