Which of the following procedures is usually included in a limited assurance engagement?
A) Inquiries concerning the entity's accounting policies.
B) Tests of controls over the sales-accounts receivable-cash cycle.
C) The confirmation of accounts receivable.
D) Attendance at the inventory stocktake.

Question

Quizplus · Accepted Answer

In a limited assurance engagement, the auditor typically performs inquiries and analytical procedures, such as inquiries concerning the entity's accounting policies, rather than more extensive procedures like tests of controls, confirmations, or attending stocktakes.

Which of the Following Procedures Is Usually Included in a Limited