Draft Explanatory Memorandum On The First

ISAE 3000 (Revised), Assurance Engagements Other Than ...

EXPLANATORY MEMORANDUM 5 Levels of Assurance Consistent with extant ISAE 3000, proposed ISAE 3000 recognizes that two levels of assurance are possible for engagements: reasonable assurance and limited assurance. Definitions for reasonable and limited assurance engagements are set out in paragraph 8(a)(i) of the proposed standard.

  Memorandum, Explanatory, Explanatory memorandum