Limited assurance is provided in
A) An audit engagement.
B) A compilation engagement.
C) A review engagement.
D) None of the items listed.

Question

Quizplus · Accepted Answer

Limited assurance is provided in a review engagement. In a review engagement, the auditor provides a moderate level of assurance that the financial statements are free from material misstatement. This level of assurance is lower than in an audit engagement, which provides reasonable assurance, but higher than in a compilation engagement, which does not provide any assurance.

Limited Assurance Is Provided in