Glossary

A glossary is a dictionary of terms specific to a certain subject. A biology textbook might have a glossary in the back, so you can quickly look up all those technical words.

Negative Assurance

Updated on 2023-08-29T11:54:52.111184Z

In situations where facts about the company are believed to be accurate in the absence of contradicting evidence or lesser possibility to positively confirm the accuracy of financial reports, the auditor resorts to negative assurance.