MCQs on Assurance
For agreed-upon procedures, auditor simply provides a report of factual findings,
_______is expressed
a)Absolute assurance
b) Negative assurance
c)Moderate assurance
d) No assurance
In a compilation engagement, although the users of the complied information
derive some benefit from the involvement of a member of the institute _______ is
expressed in the report.
a)Absolute assurance
b)Negative assurance
c)Moderate assurance
d) No assurance
The evidence available to auditor is _______ in nature, rather _______ in nature.
a) pervasive, conclusive
b)Conclusive, pervasive
c)limited, unlimited
d)None of the above
Standards issued by the Auditing and assurance standards boards under the
authority of the council are collectively known as ______.
a) Standards of Auditing
b)Auditing Pronouncement
c). Engagement Standards
d) All of the above
Compliance with the Standard of Auditing is the responsibility of ____________
a) Management
b) Those charged with governance
c) Auditor
d). Audit committee
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