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ACCA Strategic Professional · Advanced Audit and Assurance (International) · Reporting on other assignments

Karst Mining asks its auditor to give assurance on its greenhouse gas emissions statement. The auditor agrees to gather enough evidence to support a conclusion expressed in a positive form, namely that the emissions statement is prepared, in all material respects, in accordance with the stated criteria. What level of assurance is being provided?

This is reasonable assurance. A positive-form conclusion that the statement is prepared in all material respects in accordance with the criteria reflects a high, but not absolute, level of assurance. Limited assurance would be expressed negatively, and non-financial information can still be assured under ISAE 3000.

  1. AReasonable assuranceCorrect
  2. BLimited assurance
  3. CAbsolute assurance
  4. DNo assurance, because the information is non-financial

Explanation

A positive-form conclusion that the subject matter conforms in all material respects to the criteria is the hallmark of reasonable assurance, which is high but not absolute. Limited assurance uses a negative-form conclusion (nothing has come to attention). Absolute assurance is never possible because of inherent limitations. Non-financial information can be assured under ISAE 3000.

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