Which of the following is NOT an element of an assurance engagement?
AA three party relationship
BSuitable criteria
CA written assurance report
DA guarantee of the accuracy of the subject matterCORRECT
ICANAudit & AssuranceNature and Objectives of Assurance2023
AI
Toaster Teacher
Why the answer is D, and why the others tempt you.
The five elements are a three party relationship, appropriate subject matter, suitable criteria, sufficient appropriate evidence and a written assurance report. No assurance engagement guarantees accuracy.
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