Which of These Is Not an Assurance Engagement

question 12

Multiple Choice

Which of these is not an assurance engagement?

• A)A review of historical financial information.
• B)A performance audit.
• C)A consulting engagement to help an organisation meet its tax obligations.
• D)All are assurance engagements.

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Definitions:

Creditors

Individuals or institutions that lend money or extend credit, and to whom an entity owes money.

Long-Term Debt

Financial obligations of a business or an individual that are due more than one year in the future.

Statement Of Cash Flows

A financial statement showing the inflows and outflows of cash and cash equivalents over a specific period, categorizing them into operating, investing, and financing activities.

Management Prediction

Forecasts or projections made by a company's management regarding future business conditions, operational performance, or financial outcomes.