14 A public auditor in practice can only perform audits and review and is prohibited from
completing non-assurance engagements such as compilations of financial information and tax
engagements.

Question

Quizplus · Accepted Answer

This statement is false. A public auditor can perform non-assurance engagements such as compilations of financial information and tax engagements, in addition to audits and reviews. However, they should make it clear to users of the financial information that these services are not assurance engagements and do not provide the same level of assurance as an audit or review.

14 a Public Auditor in Practice Can Only Perform Audits