Which of the following best describe high level of assurance?
Which of the following best describes high level of assurance? intended users to be satisfied that findings be reported to the intended users.
What does high level of assurance mean?
The higher the level of assurance provided, the greater the confidence the individual can place in the matter being assured. However, for an audit team leader to provide a higher level of assurance, they need to reduce the risk that a material misstatement exists in the matter being audited.
Which of the following best describes assurance?
Answer choice: C. Independent professional services that are intended to enhance the credibility of information to meet the needs of an intended user. Explanation: Assurance services enhance the credibility of information.
What provides the highest level of assurance?
An audit provides the highest level of assurance. An audit is a methodical review and objective examination of the financial statements, including the verification of specific information as determined by the auditor, or as established by general practice.
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