Assurance engagements

It’s someone who, for example, is responsible for performing an action or maintaining a position and the practitioner is reporting on the effectiveness of that person’s actions.

Officially, it’s explained as “The responsible party and the intended users may be from different entities or the same entity. As an example of the latter case, in a two-tier board structure, the supervisory board may seek assurance about information provided by the management board of that entity. The relationship between the responsible party and the intended users needs to be viewed within the context of a specific engagement and may differ from more traditionally defined lines of responsibility. For example, an entity’s senior management (an intended user) may engage a practitioner to perform an assurance engagement on a particular aspect of the entity’s activities that is the immediate responsibility of a lower level of management (the responsible party), but for which senior management is ultimately responsible.”

Is that ok?

You’re welcome