Exam IIA-CIA-Part2 topic 5 question 44 discussion

As per practice guide A “negative assurance,” sometimes referred to as “limited assurance,” opinion is a statement that nothing came to the auditor’s attention about a particular objective, such as the effectiveness of a system of internal control, adequacy of a risk management process, or on any other specific matter. The internal auditor takes no responsibility for the sufficiency of the audit scope and procedures to find all significant concerns or issues. Such an opinion is generally considered less valuable than positive assurance and therefore auditors consider their value before rendering them.