Negative assurance means: (a) The auditor disclaims responsibility for the audit opinion. (b) An adverse audit report.

Question:

Negative assurance means:
(a) The auditor disclaims responsibility for the audit opinion.
(b) An adverse audit report.
(c) The auditor has conducted an audit and provides an opinion that the financial statements are not materially misstated.
(d) The auditor has done adequate work to report whether or not anything came to their attention that would lead them to believe that the information being assured is not fairly presented.

Financial Statements
Financial statements are the standardized formats to present the financial information related to a business or an organization for its users. Financial statements contain the historical information as well as current period’s financial...

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