Negative assurance implies that nothing has come to the reviewer's attention that requires change.

Question

Quizplus · Accepted Answer

Negative assurance is a type of review engagement where the reviewer expresses a conclusion that based on the review, nothing has come to the reviewer's attention that causes the reviewer to believe that the financial statements are not in accordance with the applicable financial reporting framework. Therefore, negative assurance does imply that nothing has come to the reviewer's attention that requires change.

Negative Assurance Implies That Nothing Has Come to the Reviewer's