Audit & Assurance 2. Chapter 1 : Engagement & Related Service

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1. The three types of assurance engagements are: A. Audits, reviews, and compilations. B. Audits, compilations and other assurance engagements. C. Reviews, compilations and other assurance engagements. D. Audits, reviews, and other assurance engagements. 2. An audit to determine whether the auditee is following specific procedures or rules set down by some higher authority is classified as A. Audit of financial statements B. Compliance audit C. Operational audit D. Production audit 3. A review of any part of an organization's procedures and methods for the purpose of evaluating efficiency and effectiveness is classified as A. Audit of financial statements B. Compliance audit C. Operational audit D. Production audit 4. Which of the following engagements provides no assurances about the client's financial statements? A. Compliance B. Audit C. Review D. None of the above provide assurance