It can also be said that the auditors can never certify that the accounts are correct, they can only express a reasonable assurance on the financial statements of the company. Reasonable assurance is a concept that there are no material misstatements in the financial statements taken as a whole.
What is Reasonable Assurance……?
Reasonable level of assurance is a high level of assurance but not an absolute level of assurance because of inherent limitations of an audit.
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