A special report related to compliance with contractual provisions provides
A) Positive assurance.
B) Negative assurance.
C) No assurance.
D) None of these.

Question

Quizplus · Accepted Answer

A report related to compliance with contractual provisions typically provides negative assurance, which means that the auditor did not find any material non-compliance with the provisions they tested. The auditor does not provide positive assurance, where they state that the contractual provisions have been fully met, as this is often difficult to determine with certainty. The report also does not provide no assurance, as the auditor is providing some level of assurance that they did not find any material non-compliances.

A Special Report Related to Compliance with Contractual Provisions Provides