What kind of engagements qualify as “assurance” engagements in Part A of the licensing certification report?
If chargeable hours were incurred in the preparation of a form of reporting covered by the CICA Handbook – Assurance, these hours may be classifed as “assurance” under the Part A category (even though a licence may not be required to perform this type of engagement). For instance, this would include chargeable hours on the following types of engagements: – Section 5925: An audit of internal control over financial reporting that is integrated with an audit of financial statements; and similarly, reports issued under PCAOB Audit Standard No. 5; – Section 5970: Auditor’s reports on controls at a service organization; and similarily SAS 70 Service Auditor Reports; – Section 7000- 7500: Auditors involvement with: interim statements and other public documents, offering documents, underwriters, etc. – Section 7600: Reports on the application of accounting principles; – Section 9100 or 9110 : Reports on results of applying the application of agreed upon specified auditing procedures (to financ
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