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What Assurance Does the Auditor Provide That Errors, Frauds, and Direct

Question 5

Multiple Choice

What assurance does the auditor provide that errors, frauds, and direct effect noncompliance that are material to the financial statements will be detected?


A) Errors: Limited; Frauds: Negative; Direct effect noncompliance: Limited.
B) Errors: Limited; Frauds: Limited; Direct effect noncompliance: Reasonable.
C) Errors: Reasonable; Frauds: Limited; Direct effect noncompliance: Limited.
D) Errors: Reasonable; Frauds: Reasonable; Direct effect noncompliance: Reasonable.

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