Which level of assurance results in a public accountant (PA)expressing a conclusion in the negative form "nothing has come to my attention"?
A)Audit.
B)Review.
C)Examination.
D)Compilation.

Question

Quizplus · Accepted Answer

This type of negative conclusion is typical for a review engagement, which provides a moderate level of assurance that the financial statements are free of material misstatement. An audit provides a higher level of assurance, expressing a positive conclusion that the financial statements fairly present the entity's financial position, results of operations, and cash flows in accordance with the applicable financial reporting framework. Examination and compilation engagements do not provide assurance and do not include an expression of opinion or negative assurance.

Which Level of Assurance Results in a Public Accountant (PA)expressing