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CS Professional · Environmental, Social and Governance (ESG) - Principles and Practice · Sustainability Audit, ESG Rating and Emerging Mandates from Government and Regulators

Kaveri Power Ltd's assurance provider reports that, based on procedures performed, nothing has come to its attention suggesting the reported emission data is materially misstated. Which level of assurance does this conclusion reflect?

This reflects limited assurance, expressed in negative form. The provider says nothing has come to its attention indicating material misstatement, based on fewer procedures. Reasonable assurance involves more extensive work and a positive opinion, while absolute assurance is never provided in practice.

  1. AReasonable assurance, expressed positively
  2. BLimited assurance, expressed negativelyCorrect
  3. CNo assurance, as a disclaimer
  4. DAbsolute assurance, as a guarantee

Explanation

A statement that nothing has come to attention indicating material misstatement is a negative-form conclusion, typical of limited assurance. Reasonable assurance is expressed positively, such as 'in our opinion the data is fairly stated'. No assurance is a disclaimer, and absolute assurance is not given in practice.

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