Reasonable assurance

Reasonable assurance,

Definition of Reasonable assurance:

  1. Qualification that while a standard conforms to known limits, it is not excessive in any way.

  2. Acknowledgment that it is not possible to assert absolutely and certainly that an event will (or will not) occur.

Meaning of Reasonable assurance & Reasonable assurance Definition

Reasonable Assurance,

Reasonable Assurance Meanings:

  • The effectiveness of internal control over financial reporting is assessed with reasonable reassurance from management. This includes the understanding that there is a small possibility that material misinformation will not be denied or acknowledged in a timely manner. This is a high level of security.

Literal Meanings of Reasonable Assurance

Reasonable:

Meanings of Reasonable:
  1. (Someone) wise, fair and reasonable.

  2. Moderate or moderate.

Sentences of Reasonable
  1. No reasonable person can object to that

  2. The policeman can use enough force to enter

Synonyms of Reasonable

within reason, sensible, fair-minded, open to reason, decent, rational, fair, equitable, just, logical, full of common sense, practicable

Assurance:

Meanings of Assurance:
  1. A positive statement in which a promise must be trusted.

  2. Confidence or belief in one's abilities.

Sentences of Assurance
  1. Make sure work doesn't resume until Wednesday.

  2. After a smooth start to the year, the number of employees in the insurance, insurance and insurance insurance sectors increased significantly this month.

Synonyms of Assurance

presence of mind, affirmation, assertiveness, nerve, undertaking, confidence, level-headedness, oath, pledge, indemnification, faith in oneself, surety, cool-headedness, cover, self-assurance, commitment, poise, self-reliance, guarantee, self-possession

Reasonable Assurance,

What is Reasonable Assurance?

  1. The effectiveness of internal control over financial reporting is adequately assessed by management. This includes understanding that material misinformation is less likely to be avoided or acknowledged in a timely manner. This is an excellent insurance.

Literal Meanings of Reasonable Assurance

Reasonable:

Meanings of Reasonable:
  1. The intellect is fair and reasonable.

  2. Suitable or moderate coffee

Sentences of Reasonable
  1. They have a good time to respond.

Synonyms of Reasonable

acceptable, well grounded, appropriate, viable, well advised, valid, intelligent, advisable, reasoned, plausible, credible, realistic, suitable, admissible, practical, judicious, based on good sense, commonsensical, well reasoned, well thought out, wise, believable, proper, tenable

Assurance:

Meanings of Assurance:
  1. A positive statement that confirms a promise.

  2. Confidence or belief in your own abilities.

Sentences of Assurance
  1. Acknowledge that work will begin on Monday.

  2. He drives with confidence

Synonyms of Assurance

belief in oneself, insurance, self-confidence, word, troth, parole, equilibrium, nonchalance, vow, protection, tranquillity, serenity, word of honour, sangfroid, safeguard, promise, warranty, positiveness, calmness, composure

Reasonable Assurance

Management evaluates the effectiveness of internal control over financial reporting on the basis of reasonable assurance. This includes the understanding that there is a small chance that material misstatements will not be prevented or detected in a timely manner. This is a high security level.