Reasonable assurance is provided by:
A)a review engagement.
B)an audit engagement.
C)an assurance engagement.
D)an agreed-upon procedures engagement.

Question

Quizplus · Accepted Answer

Reasonable assurance is provided by an audit engagement, which provides a high level of assurance but not absolute assurance. A review engagement provides limited assurance, while an agreed-upon procedures engagement provides assurance only with respect to the specific procedures agreed upon. An assurance engagement is a broad term that includes both audit and review engagements.

Reasonable Assurance Is Provided By