Uncommon · Knowledge
reasonable assurance
Term in auditing
Term
Summary built from Wikidata data
From Wikipedia
Machine-translated from the Swedish article
Reasonable assurance (rimlig säkerhet) is a concept in auditing. Reasonable assurance means that the audit and the audit report demonstrate that the company's financial statements do not contain material misstatements. Even within the concept of reasonable assurance, some minor, but not major, errors may arise in the financial statements.
Text: Swedish Wikipedia, machine translation, CC BY-SA 4.0. ·