The wording of a limited assurance engagement expresses a conclusion that generally states
A) there is nothing wrong with the subject matter.
B) there is something wrong with the subject matter.
C) there is nothing that has come to the attention of the auditors that would lead them to believe that the information being assured is not true and fair.
D) there is something that has come to the attention of the auditors that would lead them to believe that the information being assured is not true and fair.

Question

Quizplus · Accepted Answer

The wording of a limited assurance engagement expresses a conclusion that there is nothing that has come to the attention of the auditors that would lead them to believe that the information being assured is not true and fair. It does not express a conclusion that there is nothing wrong with the subject matter. Therefore, option A is incorrect. It also does not express a conclusion that there is something wrong with the subject matter. Therefore, option B is incorrect. Lastly, it does not express a conclusion that there is something that has come to the attention of the auditors that would lead them to believe that the information being assured is not true and fair. Therefore, option D is incorrect.

The Wording of a Limited Assurance Engagement Expresses a Conclusion