Last minute Flashcards
1
Q
Reasonable Assurance
A
- High but not absolute assurance
- Adaquante amount of work done to report with reasonable certainty whether or not information is relible
- Required for Audit
2
Q
Moderate Assurance
A
- Provide negative assurance on the reliability of the subject matter
- Auditor has done adaquate work to report if anything has come to the attention of the auditor
- Auditor can only say information is plausable
- For Review
3
Q
No Assurance
A
- Auditor completes set of task as requested by cilent and reports factually on the results
- For complication
- Can only report on actions preformed
