Posted: March 24th, 2023

One may envision a continuum of assurance services that range from absolute assu

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One may envision a continuum of assurance services that range from absolute assurance to no assurance, but In between, there may be reasonable assurance, limited assurance, and a summary of findings with no other assurance.
Required:
a. What level of assurance is provided in the CPA’s report by each of the following types of engagements?
• Examinations
• Audits
• Review
• Agreed-upon procedures
• Compilations
b. What type of assurance is provided on financial statements prepared following a special purpose basis of accounting other than generally accepted accounting principles?

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