Ask Question
27 August, 16:50

Tell, CPA, is auditing the financial statements of Youth Services Co. (YSC), a not-for-profit organization, in accordance with GAGAS as promulgated in Government Auditing Standards. Tell's report on YSC's compliance with laws and regulations is required to contain statements of

Positive Assurance ... Negative Assurance

A. No ... Yes

B. Yes ... Yes

C. Yes ... No

D. No ... No

+4
Answers (1)
  1. 27 August, 17:04
    0
    A: No ... Yes

    Explanation:

    Negative Assurance refers to a representation by the auditor that particular facts are believed to be accurate since there is no evidence to the contrary. This type of audit report is usually resorted to when there is no legal requirement to do otherwise.
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “Tell, CPA, is auditing the financial statements of Youth Services Co. (YSC), a not-for-profit organization, in accordance with GAGAS as ...” in 📙 Business if there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Search for Other Answers