Which Audit and Assurance Engagement Scenario Is Right for Your Company?

Types of audit and assurance engagements vary in scope and depth, and the decision to go with one scenario over another is largely based on the reason it has been requested. When deciding which engagement scenario is best for your organization, KSM offers a comprehensive range of audit and assurance services tailored to various needs.

Options include the following:

• Audits deliver the highest level of assurance on financial statements and require extensive planning and testing.
• Reviews offer limited assurance through analytical procedures and inquiries.
• Compilations assist in presenting financial information without providing assurance.
• Examinations verify subject matters beyond financial statements, such as compliance or internal controls, with reasonable assurance.
• Agreed-upon procedures address specific objectives determined by the client.
• Consulting engagements provide flexible, advisory solutions.

Each engagement is designed to balance risk and growth while improving financial systems​. For more in-depth information, please refer to this resource, contact your KSM engagement team for guidance, or complete the form below.