Assurance Engagements Framework Overview
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Questions and Answers

What are the two types of assurance engagements permitted for practitioners to perform according to the Framework?

  • Certainty assurance engagements and probability assurance engagements
  • Absolute assurance engagements and partial assurance engagements
  • Reasonable assurance engagements and limited assurance engagements (correct)
  • High assurance engagements and low assurance engagements
  • Which section of the Framework sets out the characteristics that must be exhibited before a practitioner can accept an assurance engagement?

  • Definition and objective of an assurance engagement
  • Introduction
  • Engagement acceptance (correct)
  • Scope of the Framework
  • How many elements do assurance engagements performed by practitioners exhibit according to the Framework?

  • Three elements
  • Two elements
  • Seven elements
  • Five elements (correct)
  • Which section of the Framework distinguishes assurance engagements from other engagements, such as consulting engagements?

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