I have the doubt in the first question itself, because all the points are the family of the all 5 elements. Kindly support to understand the language.
E
Ehtisham·
As per the notes and discussed in the lecture:
The following are the five elements of an assurance engagement:
(1) A three-party relationship involving a practitioner, a responsible party and intended users.
(2) Appropriate subject matter.
(3) Suitable criteria.
(4) Sufficient appropriate evidence.
(5) A written assurance report in the form appropriate to a reasonable assurance engagement or a
limited assurance engagement.
Only the second option is not one of the five elements of an assurance engagement because it includes subject matter in three-party relationship instead of the practitioner.
K
KimTutor·
This is a space for comment rather than questions (but thank you to @Ehtisham who has been kind enough to give you an answer). The tutor forum is available to ask questions of the AA tutor https://opentuition.com/forum/ask-the-tutor-acca-audit-and-assurance-aa-exams
The following are the five elements of an assurance engagement:
(1) A three-party relationship involving a practitioner, a responsible party and intended users.
(2) Appropriate subject matter.
(3) Suitable criteria.
(4) Sufficient appropriate evidence.
(5) A written assurance report in the form appropriate to a reasonable assurance engagement or a
limited assurance engagement.
Only the second option is not one of the five elements of an assurance engagement because it includes subject matter in three-party relationship instead of the practitioner.