An assurance engagement can be defined as
A) an engagement to enhance the reliability of the subject matter
B) an engagement of an expert to direct the entity on subject matter
C) an audit to determine the validity of the subject matter
D) an engagement to determine a true and fair view of the entities course of actions

Question

Quizplus · Accepted Answer

An assurance engagement is designed to enhance the reliability of the subject matter, which can include financial statements, performance measures, or other information. It involves an independent auditor providing a professional opinion on the accuracy of the information presented. Therefore, option A is the best choice. Option B refers to advisory services, option C refers to an auditor verifying the accuracy of financial statements, and option D is not directly related to an assurance engagement.

An Assurance Engagement Can Be Defined as