[PleasePass]

For some reason I keep getting confused on these. Originally I thought of negative assurance in say a review as “nothing came to our attention that…” (meaning we didn’t notice anything bad), where positive assurance would include actually review things and determining nothing was bad. Is this correct? Or can someone add in explanations. There is a multiple choice question on Becker that mentions reports on OCBOA, reports on specified elements, reports on compliance with regulatory things, and reports on financial presentations to comply with contractual agreements. For some reason I keep getting that one wrong.

Any help?

FAR (10/15/10) = 94
AUD (11/24/10) = 89
BEC (5/20/11) = 87
REG (8/23/11) = 78

[thorsbew]

Positive Assurance – “There is nothing wrong with…”

Negative Assurance – “We didn't find anything wrong with…”

Negative assurance takes away some liability from the auditor.

Aud - 65 + 79, BEC - 82, REG - 89, FAR - 86

[Author]

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