Assurance conclusion
An assurance conclusion communicates the practitioner’s conclusion about subject matter information against the applicable criteria. Its wording reflects the engagement and the level of assurance obtained. Reasonable assurance ordinarily uses a positive form, while limited assurance ordinarily states whether anything has come to the practitioner’s attention to cause the specified concern.
Worked example
After a limited review of interim statements, the practitioner reports whether anything came to their attention indicating material non-compliance with the reporting framework.
Common mistake
A conclusion must reflect the evidence and applicable standard; it is not a guarantee of an error-free report.
Where it appears in your exams
| Qualification | Exam | Relationship | Period |
|---|---|---|---|
| ACCA | AA | Direct | September 2026–June 2027 |