The Report Issued in Assurance Engagements May Provide Positive or Negative

question 16

Multiple Choice

The report issued in assurance engagements may provide positive or negative assurance to the reader.Which one of the following types of engagements would provide positive assurance?

• A) a review
• B) an agreed-upon procedures engagement
• C) a compilation
• D) an examination

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Definitions:

Nonpersonal Selling

Consists of advertising, sales promotion, direct marketing, and public relations.

Advertising

Paid nonpersonal communication usually targeted at large numbers of potential buyers.

Direct Mail

A marketing strategy involving the sending of advertisements or promotional materials directly to potential customers via postal mail.

Sales Communication

The process of exchanging information and messages between a seller and potential or existing customers to facilitate the selling process.