The following is an extract from Isaac LLP's assurance report on a profit forecast: 'Based on our examination of the profit forecast and the underlying the assumptions, nothing has come to our attention which causes us to believe that these assumptions do not provide a reasonable basis for the forecast. Which ONE of the following best describes the type of assurance provided by this statement? A Negative assurance expressed positively B Limited level of assurance expressed negatively C High level of assurance expressed negatively D Positive assurance expressed negatively

The following is an extract from Isaac LLP's assurance report on a profit forecast: 'Based on our examination of the profit forecast and the underlying the assumptions, nothing has come to our attention which causes us to believe that these assumptions do not provide a reasonable basis for the forecast. Which ONE of the following best describes the type of assurance provided by this statement? A Negative assurance expressed positively B Limited level of assurance expressed negatively C High level of assurance expressed negatively D Positive assurance expressed negatively

Name: Question 3The following is an extract from Isaac LLP's assurance repo
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Description: Question 3The following is an extract from Isaac LLP's assurance report on a profit forecast:'Based on our examination of the profit forecast and the underlying the assumptions,nothing has come to our attention which causes us to believe that these

Auditing: A Risk Based-Approach (MindTap Course List)

11th Edition

ISBN:9781337619455

Author:Karla M Johnstone, Audrey A. Gramling, Larry E. Rittenberg

Publisher:Karla M Johnstone, Audrey A. Gramling, Larry E. Rittenberg

Chapter9: Auditing The Revenue Cycle.

Section: Chapter Questions

Problem 3CYBK: Which of the following statements is true regarding assertions in the revenue cycle? a. It is...

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