The report in a review engagement provides
A) Limited assurance.
B) Positive assurance.
C) An opinion.
D) A summary of findings.

Question

Quizplus · Accepted Answer

In a review engagement, the report provides limited assurance that the financial statements are plausible and free of material misstatements. Therefore, the correct option is A. Positive assurance and an opinion are provided in an audit engagement, whereas a summary of findings might be included in both audit and review engagements.

The Report in a Review Engagement Provides