Question 1
The amount of evidence and assurance needed for each engagement is defined by the profession, reducing the need for the accountant to make judgments for these engagements.
◦ true
◦ false
Question 2
The assurance provided in a preparation, compilation, or review engagement is considerably below that of audits. As a result, less evidence is required for these services and they are provided at the same amount of fees as an audit.
◦ true
◦ false