Auditors cannot give negative assurance in an audit report.

Question

Quizplus · Accepted Answer

Auditors can only provide positive assurance, which means they express an opinion on whether the financial statements are fairly presented in accordance with the applicable financial reporting framework. Negative assurance, on the other hand, would mean that the auditor is expressing an opinion that the financial statements are not fairly presented, which is not possible under the current auditing standards.

Auditors Cannot Give Negative Assurance in an Audit Report