MCQ Practice

What is meant by negative assurance?

Subject: AuditingTopic: Auditing
A

The auditor cannot give an opinion due to lack of evidence.

B

The client’s financial statements were found to be materially misstated.

C

The auditor could not conduct any tests due to lack of controls.

D

The auditor did not find anything to indicate that a material misstatement exists.

Correct Answer: D