What is the nature of the service provided when a auditor evaluates information using suitable criteria and issues a report that attests to the reliability of the information?
A) internal audit engagement
B) review engagement
C) compilation engagement
D) attestation engagement

Question

Quizplus · Accepted Answer

This is an attestation engagement where the auditor evaluates information using suitable criteria and issues a report that attests to the reliability of the information. An internal audit engagement is when an auditor assesses the effectiveness of internal controls, a review engagement is when an auditor provides limited assurance on financial statements, and a compilation engagement is when an auditor assists in presenting financial information but provides no assurance on its reliability.

What Is the Nature of the Service Provided When a Auditor