Which of the following would be considered a part of a consulting services (non-assurance)engagement?
I.Expressing a conclusion about the reliability of a client's financial statements.
II.Reviewing and commenting on a client-prepared business plan.
A) I only.
B) II only.
C) Both I and II.
D) Neither I nor II.

Question

Quizplus · Accepted Answer

Expressing a conclusion about the reliability of a client's financial statements is a part of an assurance engagement, not a consulting services engagement. Reviewing and commenting on a client-prepared business plan, on the other hand, is a consulting services engagement. Therefore, only option II would be considered a part of a consulting services engagement.

Which of the Following Would Be Considered a Part of a Consulting