Question: 3. Describe the differences between the 3 engagements: 1. an audit (examination) 2. a review 3. a compilation. What is the level of assurance being

3. Describe the differences between the 3 engagements:

1. an audit (examination)

2. a review

3. a compilation.

What is the level of assurance being offered for each engagement? Give an example of when a business would request each engagement.

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