• 1 Marks

AAA – Nov 2013 – L3 – A – Q6 – Assurance Engagements

This question assesses knowledge of assurance engagements and identifies an activity that is not an assurance engagement.

The following are examples of assurance engagement, EXCEPT
A. Reporting on environmental performance
B. Carrying out statutory audit
C. Reviewing of accounting and internal control system
D. Reporting on statements of accounting policies and goodwill
E. Reviewing of corporate governance within an entity

D. Reporting on statements of accounting policies and goodwill

Explanation:
“Reporting on statements of accounting policies and goodwill” is not considered an assurance engagement. Assurance engagements generally involve providing independent evaluations or reviews to enhance the reliability of information, such as in environmental performance reporting, statutory audits, internal control reviews, and corporate governance reviews. Reporting on statements of accounting policies and goodwill is typically part of the financial reporting process, not a separate assurance engagement.

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