Levels of assurance refer to ________.
A) the nature of the work performed and the conclusions auditors can render about financial statements
B) generally accepted auditing standards
C) qualifications, modifications, and expansions
D) changes in the language of the audit report

Question

Quizplus · Accepted Answer

Levels of assurance refer to the degree of confidence that can be placed on the conclusions auditors can render about financial statements based on the nature and extent of their work performed. It is directly related to the level of risk associated with the financial statements.

Levels of Assurance Refer to ________