Which of the following would best be described as an assurance service? 1. Working with a company to develop a more efficient method of processing financial transactions 2. Assisting a company in identifying potential sources of capital for potential acquisitions. 3. Offering an opinion concerning the accuracy of statements made on an entity's website relating to its online privacy policies. 4. Preparing a report representing a client's position during an IRS audit.

The basic purpose of a financial statement audit is to: Examine individual transactions so that the auditor may certify as to their validity. Provide assurance regarding whether the auditee's financial statements are fairly stated. Assure the consistent application of correct accounting procedures. Detect fraud.

The main difference between audit strategy and audit plan is that: 1. audit strategy is much important than audit plan 2. audit strategy is not as important as audit plan 3. audit strategy should consider how to conduct the engagement in an effective manner 4. audit plan is more detailed than the audit strategy.

I do not want any explanation or clarification. I just want the right choice.