When performing attestation engagements in evolving areas such as Elder Care,a practitioner must
A)derive new and innovative standards of conduct.
B)pioneer the way for new profit centers that do not include written reports.
C)know the subject matter of the underlying assertions.
D)use criteria by which to measure unrelated assertions.

Question

Quizplus · Accepted Answer

In order to perform an attestation engagement in an evolving area, such as Elder Care, a practitioner must have a thorough knowledge of the subject matter of the underlying assertions. This will enable them to understand the risks associated with the assertions and to design appropriate procedures to obtain sufficient evidence to support their conclusions. Options A and B are incorrect as they suggest that the practitioner should derive new standards or profit centers, which are not part of their role. Option D is also incorrect as unrelated assertions should not be measured as part of an attestation engagement.

When Performing Attestation Engagements in Evolving Areas Such as Elder