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Dear sir, I’m having a confusion on the types of assurance engagements in F8. Some books read forms of engagements which refer to Reasonable & Limited assurance and others which refer to types of engagements which refer to Attestation & Direct engagement. While I fully understand the difference between Reasonable & Limited assurance and also the difference between Attestation & Direct engagement, but I cannot figure out whether a direct engagement fall under the category of REVIEW engagement (providing Limited assurance) or AUDIT engagement (providing Reasonable assurance). Thank you for clarifying.
Attestation & Direct is unusual terminology in my opinion. Look at this article. It’s for P7 but explains the types of engagements. Don’t spend long on it as this is unlikely to be worth a lot of marks at F8. It is more of a P7 topic. I think you really only need to know the difference between limited assurance (negative) and reasonable assurance (positive).
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