File(s) not publicly available
An investigation of alternative report formats for communicating moderate levels of assurance
journal contribution
posted on 2003-01-01, 00:00 authored by M Hasan, P J Roebuck, Roger SimnettRoger SimnettA recent development in the assurance services profession is the emergence of engagements on a broad range of subject matter that are designed to provide a moderate level of assurance. A significant issue for the profession is how to convey to users the limited extent of the assurance provided by such engagements. This study identifies four main categories of moderate assurance reporting forms (opinion on procedures, negative assurance, positive assurance, positive assurance with a limitations paragraph) being used in practice worldwide for providing assurance on environmental and sustainability reports. It examines whether these four reporting forms convey a lower level of assurance than that provided by a traditional high assurance report, and whether these reporting formats lead to significantly different levels of assurance perceived by a group of 792 shareholders. The findings indicate that users perceive that these moderate assurance reporting formats generally provide a lower level of assurance than that provided by a high assurance report. However, one significant difference was found between the four types of moderate assurance reports, with the opinion on procedures format providing higher assurance than the positive assurance with a limitations paragraph format. Implications for policy makers in their deliberations on assurance report wording in relation to moderate assurance engagements are considered.
History
Journal
AuditingVolume
22Issue
2Pagination
171 - 187Publisher DOI
ISSN
0278-0380Publication classification
C1.1 Refereed article in a scholarly journal; C Journal articleUsage metrics
Categories
No categories selectedKeywords
Licence
Exports
RefWorks
BibTeX
Ref. manager
Endnote
DataCite
NLM
DC