International Standards on Assurance Engagements: ISAE 3000
The ISAE 3000 (2003) is the International Standard on Assurance Engagements. This is a recognised international standard to ensure the quality of assurance work, including report verification, as well as, assurance on environmental performance, corporate governance, internal compliance, stakeholder engagement and other areas central to corporate responsibility.
Developed by the International Federation of Accountants as a successor to the ISAE100, the framework is designed to guide accountants, auditors and assurance professionals when undertaking non-financial audits. The framework focuses on the following areas:
- Ethical requirements;
- Quality control;
- Engagement acceptance;
- Terms of Engagement;
- Planning and performance of engagment;
- The use of experts;
- Obtaining evidence;
- The consideration of subsequent events;
- Documentation and
- The preparation of the assurance report.
One of the key components of the framework is the clear defining of the difference between limited assurance and reasonable assurance. The former confines the assurance statement to a set of negative statements (e.g. We did not find anything to suggest that the content of the report was not valid), whereas the latter allows for positive assertions (e.g. From our investigations we found the content of the report to be valid).
Related Links:
ISAE 3000
To download the full ISAE 3000 framework, click on this link.
Client: Next
Our assurance of Next's Corporate Responsibility Report was carried out to AA1000 and ISAE3000 standards.
Corporate Responsibility Assurance
We point to key strengths and weaknesses that can help our clients build trust, co-create value with their stakeholders and communicate with confidence.
Next:
"TRN deliver so much more than simply assurance. Their broad experience, insightful knowledge and ability to challenge have helped to identify potential opportunities to deliver performance improvements in our approach to Corporate Responsibility. We welcome and value the challenge TRN brings to Next, as through internal exploration it stimulates improvements to help us identify, develop and implement strategic decisions to the benefit of our business"
