AAA Other assignments and sustainability assurance

A review engagement that gives a negative form of conclusion, 'nothing has come to our attention', provides:

• 1 Reasonable assurance
• 2 Limited assurance
• 3 No assurance
• 4 Absolute assurance

In an agreed-upon procedures engagement, the practitioner:

• 1 Gives limited assurance
• 2 Gives an audit opinion
• 3 Reports factual findings and gives no assurance
• 4 Prepares the financial statements

When examining a forecast, the practitioner can give assurance on:

• 1 Nothing at all
• 2 Whether the results will be achieved
• 3 The reasonableness of the assumptions and proper preparation, but not that results will be achieved
• 4 The actual outcome

A due diligence report is mainly used by:

• 1 The competition authority
• 2 The acquirer, to assess the target and negotiate
• 3 The target's staff
• 4 The tax authority

A key risk in assurance on sustainability information is:

• 1 Weak data collection systems and unclear definitions
• 2 The presence of controls
• 3 Clear criteria
• 4 Too much audit evidence

Suitable criteria for a sustainability assurance engagement should be:

• 1 Chosen by the practitioner without reference to a framework
• 2 Based on the client's preferences alone
• 3 Relevant, complete, reliable, neutral and understandable
• 4 Secret

An assurance engagement has three parties, which are:

• 1 The director, the shareholder and the supplier
• 2 The practitioner, the responsible party and the intended users
• 3 The auditor, the regulator and the bank
• 4 The client, the employee and the customer