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What is an assurance package? A Comprehensive Guide to Financial and Project Assurance

According to the ICAEW, external assurance engagements have five key elements: a three-party relationship, subject matter, criteria, evidence, and a report. So, what is an assurance package? An assurance package is a systematic, comprehensive framework designed to provide an independent, objective assessment of a project's performance, financial statements, or other critical processes. It is crucial for building stakeholder confidence and ensuring compliance in complex environments.