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Assurance engagements: CPA's provide a variety of services, they tend to be customised (unlike the structure of auditing). Can test financial and non-financial information. CPA's test the validity of past data of the business cycles.
Non-assurance engagements: Both engagements have rhe primary purpose of improving the quality of information. These engagements provided by CPA's include accounting and book-keeping services, tax services and management consulting services -- these fall outside assurance engagements.
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SteveAssurance engagements: CPA's provide a variety of services, they tend to be customised (unlike the structure of auditing). Can test financial and non-financial information. CPA's test the validity of past data of the business cycles.
Non-assurance engagements: Both engagements have rhe primary purpose of improving the quality of information. These engagements provided by CPA's include accounting and book-keeping services, tax services and management consulting services -- these fall outside assurance engagements.
The extent of work involved in a non assurance engagement is less than that offered in an assurance engagement. The accountant will need to use a series of methodology in a non assurance engagement such as analytical reviews and inquiries of management while more job need to be done in an assurance engagement.
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