reasonable assurance

reasonable assurance

A term used in the context of inspections of a UK hospital trust by the Care Quality Commission (CQC), reasonable assurance is, by definition, neither absolute nor assumed, but based on documentary evidence that can withstand internal and external challenge.

In determining what level of assurance is reasonable, trusts must recognise that the core standards are not optional and describe a level of service that is acceptable and universal. The CQC expects a trust to comply with the core standards, which will be managed through the trust's routine processes for assurance. A Trust’s boards should consider all aspects of their services when judging whether they have reasonable assurance that they are meeting the published criteria for assessment. Where healthcare organisations provide services directly, they have primary responsibility for ensuring that they meet the core standards. However, the Trust’s responsibility also extends to those services that they provide via partnerships or other forms of contractual arrangement—e.g., if human-resource functions are provided through a shared service. If such arrangements are in place, the organisation should have reasonable assurance that those services meet the requirements of the standards.
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References in classic literature ?
Only toward the east, through British East Africa, lay reasonable assurance of freedom.
They would have baffled an ordinary man; but the ape-man, accustomed to climbing, saw several places where he might gain a foothold, precarious possibly; but enough to give him reasonable assurance of escape if Numa would but betake himself to the far end of the gulch for a moment.
The medicine he made was not good medicine, for though Momaya paid him two goats for it, it did not bring back Tibo, nor even indicate where she might search for him with reasonable assurance of finding him.
As part of obtaining reasonable assurance about whether the financial statement(s) are free of material misstatement, we performed tests of (name of entity)'s compliance with general and specific provisions of laws, regulations, contracts and grants for the (name of program).
the system of quality control of the Department of the Auditor General met the objectives of the quality control peer review guidelines and provides reasonable assurance of conforming with the Government Auditing Standards, for audits conducted during that period.
Almost all, 98%, of the fixed income investments are rated 'AAA', which provides reasonable assurance that sufficient funds will be available to meet annual spending requirements and to provide liquidity for any series 2004A tendered bonds.
Given these known risks and the hundreds of millions of dollars in credit card purchases made by the agency each year, GAO was asked to review the Forest Service's fiscal year 2001 purchase card transactions to determine whether (1) existing internal controls were designed to provide reasonable assurance that improper purchases would be prevented or detected, (2) purchases were made in accordance with established policies and procedures, and (3) purchases were made for a reasonable cost and reflected a legitimate government need.
When planning a financial statement audit, auditors design procedures to provide reasonable assurance of detecting possible material misstatements.
As a result, aircraft owners and operators do not have reasonable assurance that the aircraft maintenance and repair work conforms with FAA aircraft air worthiness certificate requirements to ensure safe operation.
In reviewing RMI's description of controls, Ernst & Young issued a report to the RMI Board of Directors with an unqualified opinion that the company controls and procedures as described, are suitably designed to provide reasonable assurance that the specified control objectives would be achieved.
Such information can help provide reasonable assurance the financial statements are free of material misstatements resulting from violations of laws and regulations with a direct and material effect on determining financial statement amounts.
The COSO document clarifies the different types of internal control as management processes designed to provide reasonable assurance about the effectiveness and efficiency of operations, the reliability of financial reporting, and compliance with applicable laws and regulations.