Assurance engagements

AAA – L3 – SA – Q4.9 – Assurance services

What is true about assurance engagements?

Question

Which of the following is true about assurance engagements?

A They are an alternative to an audit

B The subject matter is the responsibility of the professional accountant

C Assurance engagements can either have reasonable (high) or limited (moderate) levels of assurance

D There is no risk for the professional accountant

Answer

Find Related Questions by Tags, levels, etc.

Tags: Assurance engagements, Limited assurance, Professional Responsibility, Reasonable assurance
Level: Level 3

Topic: Assurance Services

AAA – L3 – SA – Q3.9 – Assurance Engagements Standards

Standards for non-audit/review assurance engagements.

Question

Assurance engagements other than audits or reviews of historical financial information are subject to principles and procedures specified in:

A ISAEs and ISQMs

B ISREs and ISAEs

C ISAs and ISQMs

D ISAs and ISREs

Answer

Find Related Questions by Tags, levels, etc.

Tags: Assurance engagements, ICAG, ISAEs, ISQMs
Level: Level 3

Topic: Assurance Services

AAA – L3 – SA – Q1.9 – Negative Assurance

Definition of negative assurance.

Question

What is meant by negative assurance?

A The auditor cannot give an opinion due to lack of evidence.

B The client’s financial statements were found to be materially misstated.

C The auditor could not conduct any tests due to lack of controls.

D The auditor did not find anything to indicate that a material misstatement exists.

Answer

Find Related Questions by Tags, levels, etc.

Tags: Assurance engagements, Audit opinion, ICAG, Negative Assurance
Level: Level 3

Topic: Assurance Services

AAA – L3 – Q48 – Assurance services

Discuss the statement that assurance work offers audit firms less work, lower risk, and lower assurance compared to standard audits.

Question

The growth in assurance-type work provides a great money spinning opportunity for audit firms to provide a lower level of assurance, involving less work and reduced engagement risks, compared to the standard audit.

Required:

Discuss this statement.

Answer

Find Related Questions by Tags, levels, etc.

Tags: Assurance engagements, Assurance levels, Audit comparison, Fee income, Risk Assessment
Level: Level 3

Topic: Assurance Services

Tag (SQ): Assurance engagements

Filter by Professional Bodies

Filter by Subject

Filter by Topics

Filter by Levels

AAA – L3 – SA – Q4.9 – Assurance services

What is true about assurance engagements?

AAA – L3 – SA – Q3.9 – Assurance Engagements Standards

Standards for non-audit/review assurance engagements.

AAA – L3 – SA – Q1.9 – Negative Assurance

Definition of negative assurance.

AAA – L3 – Q48 – Assurance services

Discuss the statement that assurance work offers audit firms less work, lower risk, and lower assurance compared to standard audits.

Our offerings

Community

Contact Info

Customer

Get In Touch

Tag (SQ): Assurance engagements

Filter by Professional Bodies

Filter by Subject

Filter by Topics

Filter by Levels

AAA – L3 – SA – Q4.9 – Assurance services

What is true about assurance engagements?

You're reporting an error for "AAA – L3 – SA – Q4.9 – Assurance services"

AAA – L3 – SA – Q3.9 – Assurance Engagements Standards

Standards for non-audit/review assurance engagements.

You're reporting an error for "AAA – L3 – SA – Q3.9 – Assurance Engagements Standards"

AAA – L3 – SA – Q1.9 – Negative Assurance

Definition of negative assurance.

You're reporting an error for "AAA – L3 – SA – Q1.9 – Negative Assurance"

AAA – L3 – Q48 – Assurance services

Discuss the statement that assurance work offers audit firms less work, lower risk, and lower assurance compared to standard audits.

You're reporting an error for "AAA – L3 – Q48 – Assurance services"

Our offerings

Community

Contact Info

Customer

Get In Touch

admin

Pick a Form