The auditor normally issues a report to accompany reviewed interim financial information. Such a report provides:
A) positive assurance.
B) negative assurance.
C) comfort.
D) an opinion.
E) litigation support.

Question

Quizplus · Accepted Answer

Negative assurance is typically provided in the auditor's report for reviewed interim financial information, indicating that nothing has come to the auditor's attention that causes them to believe the financial information is not presented in all material respects in accordance with the applicable financial reporting framework. Positive assurance (an opinion) is usually given in an audit report, not a review report. Comfort and litigation support are not standard terms for the type of assurance provided in such reports.

The Auditor Normally Issues a Report to Accompany Reviewed Interim