Which of the following best describes the relationship between auditing and attestation engagements?
A) Auditing is a subset of attestation engagements that focuses on the certification of financial statements.
B) Attestation is a subset of auditing that provides lower assurance than that provided by an audit engagement.
C) Auditing is a subset of attestation engagements that focuses on providing clients with advice and decision support.
D) Attestation is a subset of auditing that improves the quality of information, or its context, for decision makers.

Question

Quizplus · Accepted Answer

Auditing is a specific type of attestation engagement that focuses on the examination and certification of financial statements. This means that auditing is a subset of attestation engagements, as all audits are attestation engagements, but not all attestation engagements are audits.

Which of the Following Best Describes the Relationship Between Auditing