Which of these possible engagements by a firm with their accountants is an assurance engagement?
A) preparing financial reports
B) a management consulting service
C) an assessment of the internal control system
D) all are assurance engagements

Question

Quizplus · Accepted Answer

An assessment of the internal control system is an assurance engagement because it involves evaluating the effectiveness of an organization's internal controls, often to express an opinion on their adequacy. This is in contrast to preparing financial reports or providing management consulting services, which do not typically involve issuing an opinion on the reliability of financial statements or systems.

Which of These Possible Engagements by a Firm with Their