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Costs and benefits

After a decision has been made on what assurance engagement is feasible, it is then important to review the costs and benefits of different approaches to gaining or providing assurance.

Buyer's guide to assurance on non-financial information

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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.

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