Which of the following is an accurate statement regarding the various types of other assurance services?
A) Assurance services must be about the reliability of another party's assertion about compliance with specified criteria.
B) Other assurance services must meet the definition of an attestation service.
C) The primary purpose of a management consulting engagement is to improve the quality of information.
D) The market for other forms of assurance services is open to non-CPA competitors.

Question

Quizplus · Accepted Answer

The market for other forms of assurance services, such as sustainability reporting and cybersecurity assessments, is not exclusive to CPAs and is open to non-CPA competitors. A and B are incorrect because assurance services can also address concerns such as efficiency and effectiveness, in addition to compliance. C is incorrect because the primary purpose of a management consulting engagement is to provide advice and recommendations to improve the client's business operations, not necessarily the quality of information.

Which of the Following Is an Accurate Statement Regarding the Various