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Question

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 [...] 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.

Answer
material misstatements

Question

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 [...] 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.

Answer
?

Question

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 [...] 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.

Answer
material misstatements
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ors 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 <span>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 o

Original toplevel document (pdf)

owner: Shaun2099 - (no access) - H1 BasicConcepts.pdf, p7

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