Which one of the following services provides a moderate level of assurance about the client's financial statements?
A) forecasts and projections
B) review
C) audit
D) compliance

Question

Quizplus · Accepted Answer

A review provides a moderate level of assurance about the client's financial statements. It involves analytical procedures and inquiries, but it is not as extensive as an audit. Forecasts and projections provide no assurance, while audits provide a high level of assurance and compliance focuses on whether the client is following specific laws and regulations.

Which One of the Following Services Provides a Moderate Level