Performance engagements may give rise to:Group of answer choicesreasonable assuranceeither reasonable assurance or limited assurancecomplete assurancelimited assurance

Which of these is not an assurance engagement?Group of answer choicesa review of historical financial informationa performance auditall are assurance engagementsa consulting engagement to help an organisation meet its tax obligations

Which of these possible engagements by a firm with their accountants is an assurance engagement?Group of answer choicespreparing the tax returna management consulting servicean assessment of the internal control systempreparing financial reports

Assurance engagementSelect one:a.Is an engagement intended to enhance the credibility of information about a subject matter by evaluating whether the subject matter conforms in all material respects with suitable criteria, thereby improving the likelihood that the information will meet the needs of an intended user.b.Is an engagement in which a practitioner is engaged to issue, or does issue, a written communication that expresses a conclusion about the reliability of a written assertion that is the responsibility of another party.c.Is an engagement in which the auditor provides a moderate level of assurance that the information subject to the engagement is free of material misstatement.d.Is a systematic process of objectively obtaining and evaluating evidence regarding assertions about economic actions and events to ascertain the degree of correspondence between those assertions and established criteria and communicating the results to interested users.

The objective of a reasonable assurance engagement is a reduction in assurance engagement risk to an acceptably low level in the circumstances of the engagement as the basis for a positive form of expression of the practitioner's conclusion.Select one:TrueFalse

Having accepted an assurance engagement, a practitioner may not change that engagement to a non-assurance engagement, or from a reasonable assurance engagement to a limited assurance engagement without reasonable justification.Select one:TrueFalse