assignments.The effect of audits and reviews is that the stakeholders of an entity are given a level of assurance as to the quality of the information in the accounts.The degrees of assurance provided by external audits and other engagements are discussed 4.in Section 4.The remainder of the Study Text builds on the themes introduced in this chapter. (二)教学内容 第-节Objective of extemal audi 1.Statutory and non-statutory audits 2.Statutory and non-statutory audits 3.Advantages of the non-statutory audit 第二节Accountability,stewardship and agency 1.The nature and development of audit and other assurance engagements 2.Elements of an assurance engagement 3.Objectives of an assurance engagement 第三节Types of assurance services 1 Other assurance engagements 2.Types of review engagemen (三)思考与实践 1 What level of assurance is provided by a review engagement? Answer:Negative assurance 2 Which of the following assurance engagements provides the highest level of assurance? Answer:An extemal audit provides the higher level of assurance,since a positive opinion is used to provide reasonable assurance that the financial statements are not materially misstated.The negative assurance given in a review engagement is a lower level of assurance,since the practitioner only states that nothing has come to their attention that indicates that the financial information is materially misstated 3 What are the five elements of an assurance engagement? (a)A three party relationship.The three parties are the intended user,the responsible party and the practitioner. assignments. The effect of audits and reviews is that the stakeholders of an entity are given a level of assurance as to the quality of the information in the accounts. The degrees of assurance provided by external audits and other engagements are discussed 4.in Section 4.The remainder of the Study Text builds on the themes introduced in this chapter. （二）教学内容 第一节 Objective of external audit 1．Statutory and non-statutory audits 2．Statutory and non-statutory audits 3．Advantages of the non-statutory audit 第二节 Accountability, stewardship and agency 1．The nature and development of audit and other assurance engagements 2．Elements of an assurance engagement 3. Objectives of an assurance engagement 第三节 Types of assurance services 1 Other assurance engagements 2.Types of review engagemen （三）思考与实践 1 What level of assurance is provided by a review engagement? Answer: Negative assurance 2 Which of the following assurance engagements provides the highest level of assurance? Answer: An external audit provides the higher level of assurance, since a positive opinion is used to provide reasonable assurance that the financial statements are not materially misstated. The negative assurance given in a review engagement is a lower level of assurance, since the practitioner only states that nothing has come to their attention that indicates that the financial information is materially misstated. 3 What are the five elements of an assurance engagement? (a) A three party relationship. The three parties are the intended user, the responsible party and the practitioner