The main differences between reasonable insurance obligations and reduced insurance obligations in terms of how the expert assesses the risks of false essential testimony assessed and the procedures they apply are: ICAO`s safety guidelines focus on the last two lines of defence for which security is provided by the independent work of an insurance provider. , whether internal or external. When significant fluctuations, relationships or differences are found, it is often possible to obtain appropriate evidence of a limited insurance commitment, by submitting applications to the company and taking into account the responses received taking into account known circumstances of interaction, without obtaining additional evidence. Absolute security means that there is no guarantee risk. Reducing the risk of insurance to zero is very rarely feasible or cost-effective; All the more so because the evidence available to the head of the audit team is more convincing than conclusive and the audit team leaders must be discerning in recording and evaluating evidence of honour. Absolute security is therefore not part of the determination of the NGER audit. In our commitments, we express our opinion on the information, processes or systems that you have entrusted to us to evaluate them. Then we will prepare an independent audit report. As part of our comprehensive and in-depth work, we of course take into account all international standards applicable to insurance commitments. Backup services do not necessarily have to involve an external user, as it may be appropriate, in certain circumstances, to guarantee the customer`s own operations for his own use. In such cases, there will be two different parties within the organization – those responsible for the operations reviewed (for example). B management) and those who are ultimately responsible for the organization (the board of directors). We call it a tripartite relationship, although there is only one organization other than the practitioner.
The higher the level of security, the greater the confidence that individuals can place in the promised question. However, for an audit team leader to provide a higher level of security, he or she must reduce the risk of significant misrepresentations on the subject under review. The head of the audit team does this by doing a more thorough and rigorous assessment of the issue under review. The definition of NGER Audit Determination for an adequate insurance commitment is as follows: “An appropriate insurance commitment means an insurance obligation on which the head of the audit team issues an opinion expressed as an appropriate statement of insurance, if any in the circumstances of the undertaking.” Audits are therefore a kind of insurance service. However, audits only verify the validity of the allegations in the financial statements and are subject to regulation in accordance with international audit standards. Insurance commitments to test historical financial information are called background checks (regulated by the International Standard on Review Engagements (ISRE 2400) but insurance reports can be obtained in many other thematic areas and are then subject to ISAE 3000 or other individual standards on insurance commitments.