Which of the following is an assurance engagement that results in a negative assurance conclusion?
A) review
B) compilation
C) examination
D) audit

Question

Quizplus · Accepted Answer

A review engagement results in a negative assurance conclusion, meaning the CPA provides limited assurance that no material modifications are needed to the financial statements. The other options (compilation, examination, and audit) result in positive assurance conclusions, meaning the CPA provides either reasonable assurance or an opinion that the financial statements are fairly presented in accordance with the applicable financial reporting framework.

Which of the Following Is an Assurance Engagement That Results