What is the difference between providing positive assurance versus negative assurance in an audit report?
Question:
What is the difference between providing positive assurance versus negative assurance in an audit report?
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 66% (3 reviews)
Positive assurance and negative assurance are two different types of conclusions provided by auditors in their reports regarding the subject matter un...View the full answer
Answered By
Krishnavendra Y
I am a self motivated financial professional knowledgeable in; preparation of financial reports, reconciling and managing accounts, maintaining cash flows, budgets, among other financial reports. I possess strong analytical skills with high attention to detail and accuracy. I am able to act quickly and effectively when dealing with challenging situations. I have the ability to form positive relationships with colleagues and I believe that team work is great key to performance. I always deliver quality, detailed, original (0% plagiarism), well-researched and critically analyzed papers.
5.00+
4+ Reviews
10+ Question Solved
Related Book For
Internal Auditing Assurance & Advisory Services
ISBN: 9780894139871
4th Edition
Authors: Urton L. Anderson, Michael J. Head, Sridhar Ramamoorti, Cris Riddle, Mark Salamasick, Paul J. Sobel
Question Posted:
Students also viewed these Business questions
-
What is the difference between positive and negative reinforcement? What is the difference between negative reinforcement and punishment? Provide some examples.
-
a. Stock market index information: S&P 500 (stock) index level: Nasdaq Composite (stock) index level: b. Interest rate information : Prime rate: Federal funds rate: Commercial paper rate (90 days):...
-
What is the difference between a positive externality and a negative externality? Describe an example of each.
-
A coil with 190 turns, a radius of 5.0 cm, and a resistance of 12 Ω surrounds a solenoid with 230 turns / cm and a radius of 4.5 cm (Fig. 21-65). The current in the solenoid changes at a...
-
Why is having reliability important?
-
Suppose the production function at the core of our model is given by Y = K3/4L1/4 (that is, assume the exponents on capital and labor are 3/4 and 1/4 rather than 1/3 and 2/3). (a) Create a new...
-
Define procedural fairness. What factors will a court consider in determining procedural fairness with respect to premarital agreements?
-
Catherine (wife) and Peter (husband) Mallen had lived together unmarried for some four years when Catherine got pregnant and a marriage was arranged. Peter asked Catherine to sign a prenuptial...
-
What is the profit under the "best case scenario? According to the scenario manager (output), what is the profit under the "most likely" scenario? According to the one variable DATA TABLE, what is...
-
What is the difference between final formal communications and final informal communications and when is each appropriate?
-
What information should be included in a well-designed final assurance engagement communication?
-
Express the given angles in radian measure in terms of . 75
-
The critical path is the a. shortest path in a network. b. longest path in a network. c. path with the smallest variance. d. path with the largest variance. e. none of the above.
-
Why did Congress not trust the free market to discipline the U.S. airline industry?
-
Describe the budgeting, monitoring, and controlling process of project cost.
-
What is the first step of project crashing with linear programming? a. determine the objective function b. define decision variable for the linear program c. determine crash constraints d. determine...
-
In PERT, slack time equals a. ES + t. b. LS - ES. c. 0. d. EF - ES. e. none of the above.
-
An individual's genetic makeup is determined by the genes obtained from each parent. For every genetic trait, each parent possesses a gene pair, and each parent contributes one-half of this gene...
-
The Home Depot is the leading retailer in the home improvement industry and one of the 10largest retailers in the United States. The company included the following on its January 29, 2012, balance...
-
Frank, Greta, and Helen each have a one-third interest in the FGH Partnership. On December 31, 2016, the partnership reported the following balance sheet: The partnership placed Asset 1 (seven-year...
-
Which of the following items are considered to be inventory for purposes of Sec. 751? a. Supplies b. Inventory c. Notes receivable d. Land held for investment purposes e. Lots held for resale
-
The ABC Partnership has a non-recourse liability that it incurred by borrowing from an unrelated bank. It is secured by an apartment building owned and managed by the partnership. The liability is...
-
1. Show the final AVL tree after performing an "insert 34" operation. 0020 0010 0030 0005 0025 0040 0035 0045 2. Show the final Splay tree after performing a "find 70" operation. 0010 0030 0020 0040...
-
103) What time-saving options are available to a busy manager who needs to conduct a job analysis and write job descriptions? Explain your answer in a brief essay. 104) What are the advantages and...
-
Considering the concepts of algorithms, answer the following questions: a) Write pseudocode for a program that calculates and prints the average of marks saved into an Array of 6 elements? [15 Marks]...
Study smarter with the SolutionInn App