The report issued in assurance engagements may provide positive or negative assurance to the reader.Which one of the following types of engagements would provide positive assurance?
A) a review
B) an agreed-upon procedures engagement
C) a compilation
D) an examination

Question

Quizplus · Accepted Answer

An examination engagement provides positive assurance, meaning the practitioner expresses a conclusion that the subject matter in the report is fairly stated in all material respects. A review engagement provides limited assurance, while a compilation engagement provides no assurance. Agreed-upon procedures engagements provide findings based on the specific procedures agreed upon between the practitioner and the client, which may or may not lead to positive or negative assurance.

The Report Issued in Assurance Engagements May Provide Positive or Negative