One may envision a continuum of assurance ranging from absolute assurance to no assurance.In between may be reasonable assurance,limited assurance,and a summary of findings with no other assurance.
a.What level of assurance is provided in the CPA's report by each of the following types of engagements?
• Examinations
• Audits
• Review
• Agreed-upon procedures
• Compilations
b.What type of assurance is provided on financial statements prepared following a special purpose basis of accounting other than generally accepted accounting principles?

Question

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The Answer of One may envision a continuum of assurance ranging from absolute assurance to no assurance.In between may be reasonable assurance,limited assurance,and a summary of findings with no other assurance.
a.What level of assurance is provided in the CPA's report by each of the following types of engagements?
• Examinations
• Audits
• Review
• Agreed-upon procedures
• Compilations
b.What type of assurance is provided on financial statements prepared following a special purpose basis of accounting other than generally accepted accounting principles?

One May Envision a Continuum of Assurance Ranging from Absolute