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  2. Topic
    Business
  3. Study Set
    Auditing and Assurance Services
  4. Exam
    Exam 1: The Demand for Audit, Cpa Profession, Audit Reports and Other Assurance Services
  5. Question
    Discuss Why an Audit Report Does Not Offer Absolute Assurance
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Discuss Why an Audit Report Does Not Offer Absolute Assurance

Question 11

Question 11

Essay

Discuss why an audit report does not offer absolute assurance that financial statements give and True and fair picture of a company's financial position.

Correct Answer:

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Auditing standards require auditors to p...

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