Topical Terminology > Reasonable Assurance
Reasonable Assurance
For Reasonable Assurance we have terms and definitions in 2 topics. The topics are Accounting and Accounting Terms.
Reasonable Assurance (Accounting) 
Management's assessment of the effectiveness of internal control over financial reporting is expressed at the level of reasonable assurance. It includes the understanding that there is a remote likelihood that material misstatements will not be prevented or detected on a timely basis. It is a high level of assurance.
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Reasonable Assurance (Accounting Terms)
Management's assessment of the effectiveness of internal control over financial reporting is expressed at the level of reasonable assurance. It includes the understanding that there is a remote likelihood that material misstatements will not be prevented or detected on a timely basis. It is a high level of assurance.
See more Accounting Terms Terms ...
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