Day: August 9, 2025

For a limited assurance engagements, what is the assurance conclusion that is given?

Select ONE answer:

1. Positive
2. Negative
3. Limited
4. Complete

Show your workings to arrive at your answer, and explain and justify your reasons:

……………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………

This multiple-choice question is suitable for Accounting KS5 classes.

The answer is 2

1. Not correct
2. Correct == > Reasonable assurance engagements include the statutory audit. The auditor’s report is phrased positively but does not give absolute assurance. With a limited assurance engagement, negative assurance indicates that nothing has come to light which would cast doubt on the subject matter being reviewed.
3. Not correct
4. Not correct

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