Which attest engagement aligns most directly with a financial statement audit in terms of assurance provided?
A)Agreed-upon procedures.
B)Evaluation.
C)Examination.
D)Review.

Question

Quizplus · Accepted Answer

An examination engagement is the highest level of assurance engagement in which an independent auditor provides a high level of assurance on the financial statements of an entity. Similarly, a financial statement audit is also a form of examination in which an independent auditor provides assurance on the financial statements of an entity. Therefore, the examination engagement aligns most directly with a financial statement audit in terms of the assurance provided.

Which Attest Engagement Aligns Most Directly with a Financial Statement