02-24-2010, 12:41 AM
Assalam o Alaikum...
I think the question has been asked in context of "Assurance Level"
As in an audit engagement, there is a high level of assurance which is referred to as Reasonable Assurance, while a lower level of assurance in given in Review Engagement which is referred to as Moderate Assurance.
Hence, high and low assurance here means the degree of reliability on the report, in simple words. Audit report is highly reliable than review report.
I think the question has been asked in context of "Assurance Level"
As in an audit engagement, there is a high level of assurance which is referred to as Reasonable Assurance, while a lower level of assurance in given in Review Engagement which is referred to as Moderate Assurance.
Hence, high and low assurance here means the degree of reliability on the report, in simple words. Audit report is highly reliable than review report.
