What are the two levels of assurance that can be provided in an attestation engagement?
A) Risk assurance and reduction assurance.
B) Professional assurance and compliance assurance.
C) Sufficient assurance and appropriate assurance.
D) Reasonable assurance and limited assurance.

Question

Quizplus · Accepted Answer

The two levels of assurance that can be provided in an attestation engagement are reasonable assurance and limited assurance. Reasonable assurance means that the auditor has performed procedures that provide a high level of assurance that the subject matter being attested to is free from material misstatement. Limited assurance means that the auditor has performed fewer procedures and therefore provides a lower, but still meaningful, level of assurance.

What Are the Two Levels of Assurance That Can Be