What level of assurance is provided by the auditor in an audit engagement?
A)high,but not absolute,level of assurance
B)positive level of assurance
C)moderate assurance
D)high level of assurance

Question

Quizplus · Accepted Answer

The auditor provides a high level of assurance in an audit engagement, but it is not absolute due to the inherent limitations of audit procedures and the possibility of fraud or error that may not be detected. This level of assurance is sometimes referred to as reasonable assurance.

What Level of Assurance Is Provided by the Auditor in an Audit