An engagement performed by an auditor or consultant to enhance the reliability of the subject matter can best be described as a(n)
A) compilation engagement.
B) review engagement.
C) consultancy engagement.
D) assurance engagement.

Question

Quizplus · Accepted Answer

An assurance engagement involves an independent auditor or consultant providing an opinion or conclusion on the reliability or fairness of subject matter. This is in contrast to compilation or review engagements, which involve the auditor or consultant providing limited or no assurance on the subject matter. Consultancy engagements may involve providing advice or guidance, but do not necessarily involve enhancing the reliability of subject matter.

An Engagement Performed by an Auditor or Consultant to Enhance