Negative Assurance

Filed Under »
Dictionary Says

Definition of 'Negative Assurance'

A representation that particular facts are believed to be accurate since no contrary evidence has been found. Negative assurance is normally used by auditors in situations where it may not be possible to positively confirm the accuracy of financial reports. Since fully auditing a public company in accordance with generally accepted accounting standards is an extremely large task, a positive assurance is normally issued only when legally required.  
Investopedia Says

Investopedia explains 'Negative Assurance'

A positive assurance of accuracy is considered stronger, and is required for certain audited financial reports released by public companies. Negative assurance is most often issued when an accountant reviews certified financial statements prepared by another accountant. In this case, since another accountant has already certified the accuracy of the statements, a negative assurance is often seen as sufficient to confirm that the statements are free or material misstatements. 
Search results for

'Negative Assurance'

  • Layoff Protection Plans: Good Deal Or Gimmick?

    http://www.investopedia.com/articles/pf/09/layoff-protection-plans.asp
    ... outstanding balance above the $7,500 benefit amount which results from negative
    equity. Once the benefit is approved by the Hyundai Assurance administrator and ...

  • Fatal Seduction Of The Municipal Bond Insurers

    http://www.investopedia.com/articles/bonds/08/municipal-bond-insurance.asp
    ... in the field by others including FGIC Corp., XL Capital Assurance (NYSE:XL ... of Ambac
    to 'AA', while also putting the company on "negative watch," indicating the ...

  • Conference Board: Consumer Confidence Index | Investopedia

    http://www.investopedia.com/university/conferenceboard/conferenceboard7.asp
    ... proportion of positive answers to the total of positive and negative answers ... study
    the results and anticipate the markets' reaction with assurance, according to ...

  • Citigroup’s Tepid Recovery

    http://stocks.investopedia.com/stock-analysis/2012/Citigroups-Tepid-Recovery-JPM-C-FITB-USB-PNC0120.aspx
    ... For the year, expenses also grew 6.9% to $50.7 billion, even though revenues declined
    on slightly negative trends in the domestic banking business and a ...

  • 8 Reasons M&A Deals Fall Through

    http://www.investopedia.com/articles/stocks/09/eight-ma-mistakes.asp
    ... Cultural congruence can provide that extra assurance that combining two companies
    make sense. ... Read More »; Key Strategies To Avoid Negative Bond Returns. ...

  • Cruise Lines Battered But Not Sunk

    http://stocks.investopedia.com/stock-analysis/2009/Cruise-Lines-Battered-But-Not-Sunk-RCL-CCL0223.aspx
    ... report expressed a concern about the company's balance sheet, yet added a mild
    assurance that it ... Cruise-related industries also feel this negative synergy. ...

  • CFA Level 1 Study Guide - Financial Statements - Revenue ...

    http://www.investopedia.com/exam-guide/cfa-level-1/financial-statements/revenue-recognition-accounting-entries.asp
    Sign In• Register• Free Annual Reports • Free Newsletters. Dictionary;
    Investing; Markets; Personal Finance; Active Trading; Forex; ...

  • How To Interpret A Company's Prospectus

    http://www.investopedia.com/articles/00/090600.asp
    ... There can be no assurance that the company will be successful in addressing such
    risks, and the failure ... It tells you that profits will be negative for some time ...

  • Top 4 Strategies For Managing A Bond Portfolio

    http://www.investopedia.com/articles/bonds/08/bond-portfolio-strategies.asp
    ... up the upside potential of an active strategy for the assurance that the ... This eliminates
    any variability of return, positive or negative, associated with the ...

  • Introduction To Convertible Preferred Shares

    http://www.investopedia.com/articles/stocks/05/052705.asp
    ... that may help solve this dilemma for some investors: convertible preferred shares
    give the assurance of a fixed ... Key Strategies To Avoid Negative Bond Returns. ...

Related Articles

Partner Links