Under limited assurance, the practitioner states that nothing has come to their attention indicating that the information is materially misstated. Procedures rely mainly on inquiry and analytical review.
Limited assurance is usually chosen in the first years of sustainability report assurance; reviews of interim financial statements also provide this level of assurance.
Related terms
Reasonable assuranceA high but not absolute level of assurance; the level of assurance the auditor provides on the financial statements in an independent audit.Review of interim financial informationAn engagement in which interim financial information is reviewed, mainly through inquiry and analytical procedures, and negative assurance is provided.Sustainability assuranceAn independent practitioner providing assurance on whether the information in a sustainability report has been prepared in accordance with the relevant reporting standards.Adverse opinionThe opinion in which the auditor states that the financial statements are not presented fairly, where misstatements are both material and pervasive.Agreed-upon proceduresAn engagement in which the practitioner performs procedures agreed with the entity and, where relevant, a third party, and reports only the findings without providing assurance.Analytical proceduresThe evaluation of financial information through analysis of plausible relationships among financial and non-financial data.
Last updated: October 22, 2026 · This definition is for general information only.