An assurance engagement that results in a negative assurance conclusion is a(n):
A) review.
B) examination.
C) audit.
D) compilation.

Question

Quizplus · Accepted Answer

A negative assurance conclusion means that the accountant has limited their procedures and is not aware of any material modifications that should be made to the financial statements. This type of conclusion is provided in a review engagement, where the accountant provides limited assurance on the financial statements.

An Assurance Engagement That Results in a Negative Assurance Conclusion