Chapter 1 (intro to assurance services) Flashcards by R. A | Brainscape

Q

Define assurance engagement and list down elements of assurance engagement

A

Chap 1 LO:2

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Q

Why absolute assurance can’t be provided?

A

Chap 1 LO:3 (inherent limitations)

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Q

How many levels of assurance which can be provided? and explain them

A

chap 1 LO:3

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Q

which assurance can not be provided and why?

A

chap 1 LO:3

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Q

Describe limitations of external audit?

A

chap 1 LO:3

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Q

what are advantages of audit to organization ?

A

chap 1 LO:1

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