'An engagement in which a practitioner is engaged to issue a written communication that expresses a conclusion with respect to the reliability of a written assertion that is the responsibility of another party' is the definition of:
A) an audit engagement.
B) a review engagement.
C) an assurance engagement.
D) a compilation engagement.

Question

Quizplus · Accepted Answer

The definition provided describes an assurance engagement, where a practitioner is engaged to provide assurance on the reliability of a written assertion made by another party. An audit engagement involves obtaining evidence to support the financial statements, a review engagement involves inquiry and analytical procedures to provide limited assurance, and a compilation engagement involves presenting financial information provided by the client without providing assurance.

'An Engagement in Which a Practitioner Is Engaged to Issue