Which of the following procedures is usually included in a limited assurance engagement?
A)Enquiries concerning the entity's accounting policies.
B)Tests of controls over the sales-accounts receivable-cash cycle.
C)The confirmation of accounts receivable.
D)Attendance at the inventory stocktake.

Question

Quizplus · Accepted Answer

Limited assurance engagements typically involve procedures such as inquiries concerning the entity's accounting policies. These are less extensive than the procedures involved in a reasonable assurance engagement, such as tests of controls or direct confirmation of accounts receivable, which are more characteristic of audits.

Which of the Following Procedures Is Usually Included in a Limited