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What is the difference between reasonable assurance and limited assurance? * 1 - Reasonable Assurance is provided by internal auditors as part of a risk
What is the difference between reasonable assurance and limited assurance?
Reasonable Assurance is provided by internal auditors as part of a risk assessment, while limited Assurance results from external audits and regulatory examinations.
Reasonable Assurance is provided by external auditors as part of a financial audit and indicates conformity to suitable criteria and freedom from material error, while limited assurance results from reviews, compilations, and other activities performed by competent personnel who are sufficiently objective about the subject matter.
Reasonable Assurance is provided by management as part of strategic planning, while limited assurance results from operational reviews and performance evaluations.
Reasonable Assurance is provided by the Board of Directors as part of governance activities, while limited assurance results from employee selfassessments.
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