Concept of and need for assurance

Across

• 1. Low level of confidence, sufficient and appropriate evidence (less work), negative opinion, nothing has come to our attention to make use believe the financial statements are misstated (7, 9)
• 4. An assurance providers satisfaction as to the reliability of an assertion being made by one party for the use of another party. It is expressed in a written document with a positive or negative conclusion given. (9)
• 5. Information is free from discrimination and bias in compliance with standards and rules, accounts reflect commercial substance of companies underlying transactions (4)
• 6. An independent practitioner expresses a conclusion designed to enhance the degree of confidence of the intended user other than the responsible party about the outcome of the evaluation or measurement of a subject matter against criteria. (9, 10)
• 10. Objective of an audit of financial statements is to enable the auditor to express an opinion on whether the financial statements are prepared, in all material respects, in accordance with applicable financial reporting framework (9, 5)