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PSA Notes
PSA Notes
16
In an audit engagement, the auditor provides a high, but not absolute level of
assurance that the information subject to audit is free from material
misstatements. This is expressed positively In the audit report as reasonable
assurance.
PSA 200 Sufficient Appropriate Audit Evidence and Audit Risk par. 17
To obtain reasonable assurance, the auditor shall obtain sufficient appropriate
audit evidence to reduce audit risk to an acceptably low level and thereby enable
the auditor to draw reasonable conclusions on which to base the auditors
opinion.