The term assurance means analyzing the accounting records and financial records to the entity and obtains the information which gives more evidence upon which the opinion is based. The information must be available from the reliable source means from the independent source and relevance means relevant for audit and timeliness means information available when need it. To choose: The correct option about assurance report.

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Chapter 21, Problem 21.15MCQ

To determine

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The term assurance means analyzing the accounting records and financial records to the entity and obtains the information which gives more evidence upon which the opinion is based. The information must be available from the reliable source means from the independent source and relevance means relevant for audit and timeliness means information available when need it.

To choose: The correct option about assurance report.

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