The Different Types of Assurance Services and Levels of Assurance Provided

12 Pages Posted: 23 Oct 2005

See all articles by Mahreen Hasan

Mahreen Hasan

UNSW Australia Business School, School of Accounting

Steven Maijoor

University of Maastricht - Faculty of Economics & Business Administration

Theodore J. Mock

University of Southern California; University of California, Riverside

Peter Roebuck

UNSW Australia Business School, School of Accounting

Roger Simnett

UNSW Australia Business School, School of Accounting

Ann Vanstraelen

Maastricht Accounting and Auditing Research and Education Center (MARC); Maastricht University

Abstract

In 2001 the International Auditing Practices Committee (IAPC, now the International Auditing and Assurance Standards Board (IAASB)) commissioned research on the determination and communication of moderate assurance. This research was published in IFAC research monograph No. 1 (2002). Part of this research involved surveying the types of assurance services undertaken by 56 assurance firms from 11 different countries, the levels of assurance at which these assurance services were generally provided, and for those services provided as moderate assurance services, the reasons why. This paper re-analyses this data and extends the IFAC research report (2002) by examining the differences between the types of assurance services (other than historical financial statement assurance) and levels at which these assurance services are provided by the former Big 5 audit firms compared with the non-Big 5 audit firms. Information was also collected on 166 moderate assurance engagements provided by these participating assurance firms. The determinants of the level of assurance for these assurance service engagements were identified and differences between the Big 5 and the non-Big 5 audit firms are reported.

JEL Classification: M49

Suggested Citation

Hasan, Mahreen and Maijoor, Steven and Mock, Theodore J. and Roebuck, Peter and Simnett, Roger and Vanstraelen, Ann, The Different Types of Assurance Services and Levels of Assurance Provided. International Journal of Auditing, Vol. 9, No. 2, pp. 91-102, July 2005, Available at SSRN: https://ssrn.com/abstract=788998

Mahreen Hasan

UNSW Australia Business School, School of Accounting ( email )

Sydney, NSW 2052
Australia

Steven Maijoor

University of Maastricht - Faculty of Economics & Business Administration ( email )

P.O. Box 616
Maastricht, 6200 MD
Netherlands
+043 388 3783 (Phone)

Theodore J. Mock

University of Southern California ( email )

Los Angeles, CA 90089-0441
United States

University of California, Riverside ( email )

Riverside, CA 92521
United States

Peter Roebuck

UNSW Australia Business School, School of Accounting ( email )

Sydney, NSW 2052
Australia

Roger Simnett (Contact Author)

UNSW Australia Business School, School of Accounting ( email )

Sydney, NSW 2052
Australia
+61 2 9385 5825 (Phone)
+61 2 9385 5925 (Fax)

Ann Vanstraelen

Maastricht Accounting and Auditing Research and Education Center (MARC) ( email )

P.O. Box 616
Maastricht, 6200 MD
Netherlands

Maastricht University ( email )

P.O. Box 616
Maastricht, 6200MD
Netherlands

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