(a) Auditors are frequently required to provide assurance for a range of non-audit engagements.
Required:
List and explain the elements of an assurance engagement. (5 marks)
(b) ISA 320 Materiality in Planning and Performing an Audit provides guidance on the concept of materiality in planning and performing an audit.
Required:
Defi ne materiality and determine how the level of materiality is assessed. (5 marks)