A practitioner is engaged to provide assurance on a company's sustainability report. How does a limited assurance conclusion typically differ from a reasonable assurance conclusion?

Correct answer: D) A limited assurance conclusion is expressed negatively (nothing has come to our attention to indicate material misstatement), whereas a reasonable assurance conclusion is expressed positively

Explanation

In a limited assurance engagement, the practitioner performs fewer procedures and gives a negatively worded conclusion. Reasonable assurance involves more extensive work and a positive opinion, similar to a financial statement audit. Neither gives absolute certainty, and both are given by an independent practitioner.