Which of the following types of engagement reports would provide positive assurance?

Question

Quizplus · Accepted Answer

An examination provides positive assurance since the auditor expresses an opinion on the fairness of the financial statements as a whole.

Answer: C) An agreed-upon procedures engagement
 An agreed-upon procedures engagement provides findings, but not an opinion. Therefore, it does not provide positive assurance.

Answer: D) A compilation 
 A compilation engagement provides no assurance or opinion on the financial statements, so it does not provide positive assurance.

Answer: B) A review 
 A review engagement provides limited assurance, which is lower than positive assurance, since the auditor provides a conclusion on whether or not the financial statements are free from material misstatements.

Which of the Following Types of Engagement Reports Would Provide