Normas

INTERNATIONAL FRAMEWORK FOR ASSURANCE ENGAGEMENTS
(Effective for assurance reports issued on or after January 1, 2005)

CONTENTS
Paragraph Introduction ................................................................................................... Definition and Objective of an Assurance Engagement ................................ Scope of the Framework................................................................................ Engagement Acceptance ................................................................................ Elements of an Assurance Engagement ......................................................... Inappropriate Use of the Practitioner’s Name ................................................ Appendix: Differences Between Reasonable Assurance Engagementsand Limited Assurance Engagements 1–6 7–11 12–16 17–19 20–60 61 FRAMEWORK
FRAMEWORK

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INTERNATIONAL FRAMEWORK FOR ASSURANCE ENGAGEMENTS

Introduction
1. This Framework defines and describes the elements and objectives of an assurance engagement, and identifies engagements to which International Standards on Auditing (ISAs), International Standards on Review Engagements (ISREs) andInternational Standards on Assurance Engagements (ISAEs) apply. It provides a frame of reference for: (a) Professional accountants in public practice (“practitioners”) when performing assurance engagements. Professional accountants in the public sector refer to the Public Sector Perspective at the end of the Framework. Professional accountants who are neither in public practice nor in the public sectorare encouraged to consider the Framework when performing assurance engagements; 1 Others involved with assurance engagements, including the intended users of an assurance report and the responsible party; and The International Auditing and Assurance Standards Board (IAASB) in its development of ISAs, ISREs and ISAEs.

(b) (c) 2.

This Framework does not itself establish standards or provideprocedural requirements for the performance of assurance engagements. ISAs, ISREs and ISAEs contain basic principles, essential procedures and related guidance, consistent with the concepts in this Framework, for the performance of assurance engagements. The relationship between the Framework and the ISAs, ISREs and ISAEs is illustrated in the “Structure of Pronouncements Issued by the IAASB”section of the Handbook of International Quality Control, Auditing, Review, Other Assurance, and Related Services Pronouncements. The following is an overview of this Framework: • Introduction: This Framework deals with assurance engagements performed by practitioners. It provides a frame of reference for practitioners and others involved with assurance engagements, such as those engaging apractitioner (the “engaging party”). Definition and objective of an assurance engagement: This section defines assurance engagements and identifies the objectives of the two

3.

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If a professional accountant not in public practice, for example an internal auditor, applies this Framework, and (a) this Framework, the ISAs, ISREs or the ISAEs are referred to in the professional accountant’sreport; and (b) the professional accountant or other members of the assurance team and, when applicable, the professional accountant’s employer, are not independent of the entity in respect of which the assurance engagement is being performed, the lack of independence and the nature of the relationship(s) with the entity are prominently disclosed in the professional accountant’s report. Also, thatreport does not include the word “independent” in its title, and the purpose and users of the report are restricted. 2

FRAMEWORK

INTERNATIONAL FRAMEWORK FOR ASSURANCE ENGAGEMENTS

types of assurance engagement a practitioner is permitted to perform. This Framework calls these two types reasonable assurance engagements and limited assurance engagements. 2 • • • Scope of the Framework: This...