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Accounting

1. Assurance vs. Consulting service: You are Isagani, CPA and auditor of Country Service Cleaning Company. The company president, Mr. Linis, is asking for a consulting engagement, yet keeps mentioning the phrase "provide us with assurance..." You decided to give Mr. Linis a rundown of the differences between assurance services and consulting services. Requirement: Differentiate assurance services rom consulting services, based on the following factors:1. Parties involved, 2. primary purpose, 3. focus, 4. output's objective

2. Which of the following forms may be the subject matter of an assurance engagement take? *

a. all of them

b. historical and prospective financial information

c. behavior

d. systems and processes

Option 1

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