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Which of the following distinguishes an audit service from an assurance service? Select answer from...

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Accounting

Which of the following distinguishes an audit service from an assurance service?

Select answer from the options below

Assurance services fall under the umbrella of audit services.

An audit service can be provided only by a certified public accountant (CPA), whereas other professionals can provide assurance services.

Assurance services are targeted to financial statement users, whereas audit services are targeted to users of nonfinancial and historical information.

An audit service provides an opinion on whether the financial statements are presented fairly, in all material respects, in accordance with an applicable financial reporting framework, whereas an assurance service provides an opinion on the effectiveness of internal controls over financial reporting (ICFR).

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