Which of the Following Is Not an Attestation Standard

question 652

Multiple Choice

Which of the following is not an attestation standard?

• A) Sufficient evidence shall be obtained to provide a reasonable basis for the conclusion that is expressed in the report.
• B) The report shall identify the assertion being reported on and state the character of the engagement.
• C) The work shall be adequately planned and assistants, if any, shall be properly supervised.
• D) A sufficient understanding of internal control shall be obtained to plan the engagement.

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Definitions:

Real GDP

The measure of a country's gross domestic product adjusted for inflation, reflecting the value of all goods and services produced at constant prices.

Equity Finance

A method of raising capital through the sale of shares in a company, representing ownership interests in the corporation.

Investment

The allocation of resources, typically money, into ventures, stocks, or assets with the expectation of generating a profit.

Types of Saving

Various forms in which individuals or entities can save their money, such as bank deposits, investments, or pension funds.