An assurance engagement is performed by an auditor or consultant to enhance the reliability of the subject matter.

Question

Quizplus · Accepted Answer

An assurance engagement is specifically designed to provide objective assurance to interested parties about the reliability of the subject matter, such as financial statements, internal controls, or sustainability reports. The auditor or consultant provides an opinion or conclusion based on their assessment of the information and their professional judgment. This opinion can enhance the credibility and usefulness of the subject matter and help stakeholders make informed decisions.

An Assurance Engagement Is Performed by an Auditor or Consultant