True or False Pro Forma Financial Statements - A review report on pro forma financial information includes a disclaimer of opinion in addition to negative assurance.

True **Negative assurance is a statement by a CPA that no adverse issues have been found regarding the accuracy of a client's financial statements** **Positive assurance is most commonly associated with audit or examination engagements. When the audit team or CPA expresses positive assurance, they are basically saying that based on the procedures they performed, they believe the financial statements are fairly stated and conform with US GAAP.**