Limited assurance

Limited assurance is a lower level of assurance than reasonable assurance. The practitioner designs procedures to reduce engagement risk to a level meaningful in the circumstances and usually expresses the conclusion in a form describing whether a matter has come to attention. The work is generally less extensive than in a comparable reasonable-assurance engagement. Its conclusion is meaningful because procedures are designed for the circumstances and evidence is evaluated, but the nature, timing and extent of work differ from a reasonable-assurance engagement. The relevant standard determines the precise form of the conclusion.