What is meant by the term level of assurance? How does the level of assurance differ for an audit of historical financial statements, a review, a compilation, and a preparation engagement?
What is meant by the term level of assurance? How does the level of assurance differ for an audit of historical financial statements, a review, a compilation, and a preparation engagement? 25-2 (OBJECTIVE 25-1) What is negative assurance? Why is it used in a review engagement report? 25-3 (OBJECTIVE 25-1) What should auditors do if […]