An assurance engagement can be defined as
A)an engagement of an expert to direct the entity on subject matter.
B)an engagement to enhance the reliability of the subject matter.
C)an audit to determine the validity of the subject matter.
D)an engagement to determine a true and fair view of the entities course of actions.

Question

Quizplus · Accepted Answer

An assurance engagement is an engagement in which an independent professional is engaged to enhance the reliability of the subject matter. This can include, but is not limited to, the financial statements, internal controls, sustainability reporting, and other non-financial information. The objective of assurance engagements is to provide users with more confidence in the reliability of the subject matter. Option A, C, and D do not fully encompass the definition of an assurance engagement.

An Assurance Engagement Can Be Defined as