An auditor's report on internal control ordinarily includes negative assurance on the effectiveness of internal control.

Question

Quizplus · Accepted Answer

An auditor's report on internal control over financial reporting typically provides an opinion on the effectiveness of the entity's internal control, not negative assurance. Negative assurance implies that nothing has come to the auditor's attention to indicate the internal control is not effective, which is different from positively stating that the internal control is effective based on an audit.

An Auditor's Report on Internal Control Ordinarily Includes Negative Assurance