The level of assurance of the services provided by an auditing firm is ranked from High to Low as follows:
Select one:
a. Preparation of Tax return, Compilation of financial statements, Audit of financial statements
b. Audit of financial statements, Review of historial financial statements, Agreed-upon Procedures
c. Agreed-upon Procedures, Review of historial financial statements, Preparation of tax returns
d. Review of historial financial statements, Audit of financial statements, Compilation of financial statements
Which of the following services provides limited level of assurances about the client's financial statements?
Select one:
a. Audit
b. None of the above; all provide no level of assurance.
c. Tax services
d. Review
An audit to determine whether the auditee is following specific procedures or rules set down by some higher authority is classified as:
Select one:
a. a compliance audit.
b. an operational audit
c. a production audit.
d. an audit of financial statements