Which of the following statements relating to attest and assurance services is not correct? Multiple Choicea. Independence is an important attribute of assurance service providers. b. Financial statement auditing is a form of attest service but it is not an assurance service. c. Assurance services can be performed to improve the quality or context of information for decision makers. d. In performing an attest service, the CPA determines the correspondence of the subject matter (or an assertion about the subject matter) against criteria that are suitable and available to users.

The following statement regarding attest and assurance is not correct:

B. Financial statement auditing is a form of attest service but not an assurance service.

Explanation:

Assurance service can be defined as a professional service provided by a chartered accountant or CA or certified public accountant or CPA. the goal of these services is to improve information or context of information, to facilitate decision makers in making better decisions. Audits is a type of assurance service. Assurance service provide independent and professional opinion in order to reduce the risk from incorrect information. So, option B is the correct answer.