Discuss OCEG GRCA Exam Topic 1 Question 23

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.

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

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15 comments · newest first

Walker 2 months ago

But B is clearer for negative assurance.

Norah 2 months ago

C highlights the limitations well.

Tommy 2 months ago

Exactly! B captures the doubt aspect.

Walker 3 months ago

A seems too positive for a negative opinion.

Norah 3 months ago

I lean towards C. Limitations matter.

Tommy 3 months ago

I think it's B. It feels right.

Raelene 3 months ago

C sounds like it’s just dodging the question. What’s the point?

Rikki 3 months ago

I thought negative assurance meant they found issues, but I guess not!

Earleen 4 months ago

Wait, so B means they didn’t find anything wrong? That’s confusing.

Talia 5 months ago

Totally agree, B makes the most sense!

Paulene 5 months ago

B is the correct definition of a negative assurance opinion.

Mitsue 6 months ago

I recall that negative assurance is more about the absence of findings, so I lean towards B, but I wonder if C could also be relevant in some way.

Bettyann 6 months 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.

Catalina 6 months 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.

Beckie 6 months 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.

OCEG GRCA Exam - Topic 1 Question 23 Discussion