AAA Other assignments and sustainability assurance

ACCA · Strategic Professional · 7 questions

Name: ____________________   Date: ____________

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

   • A Reasonable assurance
   • B Limited assurance
   • C No assurance
   • D Absolute assurance

2. In an agreed-upon procedures engagement, the practitioner:

   • A Gives limited assurance
   • B Gives an audit opinion
   • C Reports factual findings and gives no assurance
   • D Prepares the financial statements

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

   • A Nothing at all
   • B Whether the results will be achieved
   • C The reasonableness of the assumptions and proper preparation, but not that results will be achieved
   • D The actual outcome

4. A due diligence report is mainly used by:

   • A The competition authority
   • B The acquirer, to assess the target and negotiate
   • C The target's staff
   • D The tax authority

5. A key risk in assurance on sustainability information is:

   • A Weak data collection systems and unclear definitions
   • B The presence of controls
   • C Clear criteria
   • D Too much audit evidence

6. Suitable criteria for a sustainability assurance engagement should be:

   • A Chosen by the practitioner without reference to a framework
   • B Based on the client's preferences alone
   • C Relevant, complete, reliable, neutral and understandable
   • D Secret

7. An assurance engagement has three parties, which are:

   • A The director, the shareholder and the supplier
   • B The practitioner, the responsible party and the intended users
   • C The auditor, the regulator and the bank
   • D The client, the employee and the customer