An Assurance Engagement Is One in Which a CA Is

question 1

Multiple Choice

An assurance engagement is one in which a CA is engaged to ________.

• A)issue a written communication expressing a conclusion concerning a subject matter for which an accountable party is responsible
• B)provide tax advice or prepare a tax return based on financial information the CA has not audited or reviewed
• C)testify as an expert witness in accounting,auditing,or tax matters,given certain stipulated facts
• D)assemble prospective financial statements based on the assumptions of the entity's management without expressing any assurance

---

Definitions:

Franchise Arrangement

A type of licensing arrangement where a franchisor allows a franchisee to use its business model and brand for a prescribed period.

Stout

A dark, thick beer with a distinctive malt flavor, originally associated with England.

Pale Ales

A variety of beer that is brewed with predominantly pale malt, resulting in a lighter color and a distinct hop flavor.

Citrus Fruit

A category of fruits that includes oranges, lemons, limes, and grapefruits, known for their vibrant flavors and high vitamin C content.