A No Assurance Engagement Is of Little Use as No

question 12

True/False

A no assurance engagement is of little use as no assurance is given to the client.

---

Definitions:

Successful Entrepreneurs

Individuals who have effectively identified market needs and have created businesses that meet these needs, demonstrating innovation and resilience.

Profit Margin

Profit Margin is a financial metric that measures the percentage of income retained as profit after accounting for the cost of goods and expenses.

Accomplishment

A sense of achievement or completion that comes from having successfully completed a task or objective.

Intrinsic Rewards

In expectancy theory, the internal factors related to the value of work, including the amount of creativity allowed, the degree of responsibility, and the satisfaction of helping others.