ACCA F8 Week 1 Flashcards by Alastair Melville | Brainscape

Q

What are the key features of Assurance?

A

Intended users can make mor confident decisions
Risk of information being incorrect or misleading is reduced

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Q

What are the 2 levels of Assurance?

A

Reasonable/Positive assurance

Statutory aduits
True & Fair

Limited/Negative assurance

Review engagaments
Nothing has come to our attention

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