Some engagements require assurance over information prepared for a particular purpose rather than for general financial statement users. That may include reporting to the federal tax authority, a lender, a regulator, an investor, a guarantor, a joint venture partner or another specified user group. In these situations, a special purpose audit can provide the right level of focus and clarity by aligning the work to the agreed framework, criteria and intended use of the report.
RAA undertakes special purpose audits with careful attention to scope definition, reporting criteria and user expectations. We begin by establishing exactly what is being reported on, who will rely on the output and which standards or rules apply. We then perform targeted audit work and issue reporting that is purpose-built for the engagement, rather than forcing a general audit format onto a specialist requirement.
