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Can anyone please explain to me about negative assurance in the context of review engagement?
Thanks 🙂
hi there,
I just wanted to help you in the following inquiry:
The word negative assurance is also referred to limited assurance engagement. This indicates that the auditor has done a very limited procedures to ensure the truth and fairness of the financial statements during review engagement. However, when it comes to the course of Audit, the auditor will be able to give reasonable or positive assurance as he will be able to look at maximum aspects and cover most areas.
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