In limited assurance engagements, practitioners perform limited procedures (usually analysis of an issue but without significant testing) and checks to see if anything comes to their attention indicating a problem.

Question

Quizplus · Accepted Answer

Limited assurance engagements involve performing limited procedures and analytical reviews to identify potential issues which may require further attention or modification. Therefore, the statement is true.

In Limited Assurance Engagements, Practitioners Perform Limited Procedures (Usually Analysis