When issuing a debt compliance letter, the auditor's opinion should be in the form of a negative assurance.

Question

Quizplus · Accepted Answer

A debt compliance letter is a report issued by an auditor to confirm that an organization has complied with the terms and conditions of a debt agreement. The auditor's opinion in this letter should be in the form of negative assurance, which means that they have not identified any non-compliance issues during their audit. Therefore, the answer is true.

When Issuing a Debt Compliance Letter, the Auditor's Opinion Should