Issue a report that provides Jones’s opinion as to whether Key’s policies are in accordance with the specified regulations. REVIEW (AT-C SECTION 210) In a review, Key should provide an assertion and ...

A term of art in the audit profession that is tossed around but not well-understood is “reasonable assurance.” ... All professions accept that some form of judgment is involved when rendering an ...

These standards include tests to obtain reasonable assurance that they are free of material misstatement, including accounting fraud. Finally, the auditor claims that the description of their work ...

Reasonable assurance is similar to the assurance level provided on financial statements by external auditors. It requires the assurance provider to obtain sufficient evidence to form an opinion.