OCEG GRCA Exam - Topic 1 Question 23 Discussion

Actual exam question for OCEG's GRCA exam

Question #: 23
Topic #: 1

[All GRCA Questions]

A NEGATIVE assurance opinion or statement is

AAn affirmative statement that subject matter conforms to the suitable criteria and is free from meaningful misunderstanding

BA statement that the assessment didn't observe anything that makes us doubt whether subject matter conforms to the suitable criteria and is free from meaningful misunderstanding.

CA statement that the assessment encountered some limitations in what can be concluded and outside of those limitations a positive or negative statement can be offered.

Show Suggested Answer

Suggested Answer: B

A NEGATIVE assurance opinion or statement indicates that, based on the procedures performed and evidence obtained, the assurance provider did not identify any reasons to believe that the subject matter does not conform to the applicable criteria. This form of opinion does not provide absolute assurance but rather limited assurance, suggesting that nothing came to the auditor's attention that causes them to believe the subject matter is not fairly stated. Reference:

AICPA Auditing Standards

IIA Standards for the Professional Practice of Internal Auditing

by Mollie at Apr 03, 2026, 01:30 AM

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Bettyann

4 days ago

I'm a bit confused about the wording in A and B. They sound similar, but I feel like B is more about not finding issues rather than confirming everything is fine.

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Catalina

9 days ago

I remember practicing a question like this where we discussed the difference between positive and negative assurance. I think B is the right choice here.

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Beckie

14 days ago

I think a negative assurance opinion means we didn't find anything wrong, but I'm not sure if that's exactly what B is saying.

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