Hi,
In your notes you refer to review outcomes as - negative assurance.
From articles and past papers, they are referred to as " limited assurance expressed in a new negative form" ie the wording.
What Is the correct term?
Also what else would constitute "limited assurance" except reviews?
Thanks
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Assurance clarify
8y ago#1I don't believe that there is a strict definition - I'm perfectly happy using either expression
I suppose that the longer form is really an explanation of the meaning of the shorter form
What else would constitute "limited assurance"?
Any assignment where the auditor is asked to give assurance but a full audit is not being conducted
Assurance on prospective financial information is just one example
OK?
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