Which of the Following Is an Accurate Statement Regarding the Various

question 54

Multiple Choice

Which of the following is an accurate statement regarding the various types of other assurance services?

• A) Assurance services must be about the reliability of another party's assertion about compliance with specified criteria.
• B) Other assurance services must meet the definition of an attestation service.
• C) The primary purpose of a management consulting engagement is to improve the quality of information.
• D) The market for other forms of assurance services is open to non-CPA competitors.

---

Definitions:

Medicaid

A government health insurance program for individuals and families with low income and resources.

Federal

Pertaining to a system of government in which power is divided between a central authority and constituent political units.

Medicare

A federal health insurance program primarily for people aged 65 and older, but also available for some younger people with disabilities.

U.S. Residents

Individuals who live in the United States, including citizens, permanent residents, and those on certain visas.