Limited Assurance Engagements
The Assurance Need
Grant providers, regulators, and stakeholders increasingly require independent verification of financial information. Without proper assurance, you risk funding withdrawal, regulatory penalties, or loss of stakeholder confidence.
Our Assurance Solution
We provide professional limited assurance engagements that meet ISAE 3000 standards, giving stakeholders confidence in your financial reporting while being more cost-effective than full audits.
Assurance Services We Provide
- Grant expenditure verification and reporting
- Regulatory return assurance (FCA, SRA, etc.)
- Solicitors' Accounts Rules compliance
- Royalty and commission statement verification
- Turnover certificates for contracts
- R&D tax credit claim verification
- Covenant compliance reporting
- Sustainability and ESG reporting assurance
- Agreed-upon procedures engagements
Key Benefits
- Meet funder and regulatory requirements
- Independent verification enhances credibility
- More cost-effective than full audit
- Identify control weaknesses and improvements
- Fast turnaround for urgent requirements
- Expert guidance on compliance matters
Frequently Asked Questions
What's the difference between limited and reasonable assurance?
Limited assurance involves less detailed procedures than reasonable assurance (audit). It provides a negative conclusion ("nothing has come to our attention") rather than positive opinion.
When is limited assurance required?
Common scenarios include grant funding conditions, regulatory requirements, contract terms, or when stakeholders need independent verification without full audit costs.
How long does an assurance engagement take?
Typically 3-10 days depending on scope and complexity. We can expedite urgent requests and provide fixed timelines upfront.