Levels of assurance refer to ________.
A)the amount of credibility provided by accountants and auditors
B)generally accepted auditing standards
C)qualifications,modifications,and expansions
D)changes in the language of the audit report

Question

Quizplus · Accepted Answer

Levels of assurance refer to the amount of credibility provided by accountants and auditors in their reports, which can range from a high level of assurance (e.g. an audit) to a lower level of assurance (e.g. a review or compilation). Therefore, option A is the best choice. The other options do not fully capture the meaning of levels of assurance.

Levels of Assurance Refer to ________