All reasonable assurance articles

  • Deloitte

    PCAOB fines Deloitte Canada $350K for quality control failures


    The Public Company Accounting Oversight Board imposed a $350,000 civil penalty on Deloitte Canada for reasonable assurance quality control failures regarding an electronic work paper system update.

  • Blog post

    Just what is ‘reasonable assurance’?


    A term of art in the audit profession that is tossed around but not well-understood is “reasonable assurance.” What does it actually mean when an audit report attests with reasonable assurance that the financial reporting or internal controls are reliable?