Reducing assurance engagement risk to zero is very rarely attainable or cost beneficial as a result of factors such as the following:Select one:a.All of the followingb.The inherent limitations of internal control.c.The use of judgment in gathering and evaluating evidence and forming conclusions based on that evidence.d.The fact that much of the evidence available to the practitioner is persuasive rather than conclusive.

The practitioner need not consider materiality, assurance engagement risk, and the quantity and quality of available evidence when planning and performing the engagement.Select one:TrueFalse

The objective of a reasonable assurance engagement isI : 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.II : a reduction in assurance engagement risk to a level that is acceptable in the circumstances of the engagement, but where that risk is greater than for a reasonable assurance engagement, as the basis for a negative form of expression of the practitioner's conclusion.Select one:a.II onlyb.Both I and IIc.I onlyd.Neither I nor II

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

What does risk control involve?Avoiding the riskEliminating the risk as far as is reasonable practicableAccepting the riskNone of the above

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