Which level of assurance requires a public accountant (PA) to gather the most evidence?
A) Audit.
B) Review.
C) Examination.
D) Compilation.

Question

Quizplus · Accepted Answer

The audit level of assurance requires the public accountant to gather the most evidence as it involves obtaining a high level of assurance on the financial statements through performing extensive testing of transactions, balances, and disclosures. This involves obtaining evidence from several sources, such as physical inspection, inquiries with third parties, and analysis of supporting documentation.

Which Level of Assurance Requires a Public Accountant (PA) to Gather