Group Audit

Question 1

What assurance is positive wording fro ? “The f/s seems to be / does not seem to be true and fair. “

Answer 1

Reasonable assurance (audit engagement)

Question 2

Negative wording is for what assurance ? “Nothing was found in the review, which suggests that there are material misstatements. “

Answer 2

Limited assurance (review engagement)

Question 3

Complaition work is

Answer 3

bopok keeping and u need for accounting expertise than auditing expertise

Question 4

Agreed upon work

Answer 4

Agreed upon the adutior, the clinet, and any other interested third party. The work performed is audit-like but is not a full audit since the audit only performs precured on the scope that is defined by the management.
The practioner simplu reports ont the factual findings of the agrewd upon task without providing any opinion on the data