What is Negative Assurance?

Last Updated on October 1, 2022 by amin

What is meant by negative assurance?

Negative assurance is a determination by an auditor that a particular set of facts is believed to be accurate since no contrary evidence has been found to dispute them. Negative assurance is normally used by auditors in situations where it is not possible to positively confirm the accuracy of financial reports.

Is negative assurance the same as limited assurance?

A negative assurance relates to limited assurance engagements. However, since auditors use negative wording, it does not provide a higher level of confidence.

What is Negative Assurance?