What is negative assurance?
Negative assurance is provided in review engagements under SSAE and SSARS. When the CPA expresses negative assurance, they are basically saying that based on the work they performed, they are not aware of any material misstatements.
This is different from positive assurance, because with positive assurance, the CPA would state that the financials are free from material misstatement. Negative assurance is often referred to as limited assurance.
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