Business Pitch Dictionary by pitch.dog
Audit, assurance & evidence · Core

Reasonable assurance

Also called: high assurance, high-level ESG assurance

ELI5

A high but not absolute level of assurance supported by sufficient evidence.

Used in conversation

“The assurance team asked for the evidence supporting reasonable assurance.”

Pitch context

You will see “Reasonable assurance” in board papers, contracts, policies, risk registers and compliance reports when the discussion reaches audit, assurance & evidence.

Why it matters: In audit, assurance & evidence, a loose definition can change rights, obligations, approval, disclosure or enforceability.

Caution

Meaning, enforceability and required process vary by jurisdiction and agreement; this definition is not legal advice.

Connected terms

  • Limited assuranceLimited assurance uses less extensive procedures and a negative-form conclusion; reasonable assurance provides a higher, though not absolute, level.
Sources & evidence · 9

Direct term-level sources and supporting source families.