What is meant by negative assurance?

Auditing Mcqs 28/10/2021

A. The auditor cannot give an opinion due to lack of evidence.
B. The client’s financial statements were found to be materially misstated.
C. The auditor could not conduct any tests due to lack of controls.
D. The auditor did not find anything to indicate that a material misstatement exists.

Related Mcqs:

    Internal check is carried on by___________?
    A. Staff specially appointed for the purpose B. Internal auditor C. Supervisor of the staff D. Members of the staff...
    What are analytical procedures?
    A. Substantive tests designed to assess control risk B. Substantive tests designed to evaluate the validity of management’s representation letter C. Substantive tests designed to study relationships between financial and non­financial D. All of the above...
    Which of the following statements is not true with respect to management representations obtained as per AAS­11?
    A. Authenticated copy of relevant minutes of meetings may be regarded as management representation B. It should always be in working C. It may be dated prior to the report date D. It should be addressed to the auditor...
    If a casual vacancy in the office of auditor arises by his resignation it should only be filled by the company in a_________?
    A. Board meeting B. extraordinary general meeting C. General meeting D. annual general meeting...
    Which of these are types of Audit Report?
    A. Unqualified opinion B. Qualified opinion C. Adverse opinion D. Disclaimer of opinion. All of above ...

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