Which of the following services provides the lowest level of assurance on a financial statement?
A)A review
B)An audit
C)Neither service provides assurance on financial statements.
D)Each service provides the same level of assurance on financial statements.

Question

Quizplus · Accepted Answer

A review provides limited assurance on a financial statement, while an audit provides a higher level of assurance. Therefore, A review provides the lowest level of assurance.

Which of the Following Services Provides the Lowest Level of Assurance