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Author Question: The auditor's responsibility section in an audit report states that "the standards require that we ... (Read 21 times)

C0DxHalo

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on: Aug 21, 2022

Question 1

Risk of material misstatement at the assertion level
◦ is only relevant to account balances.
◦ determines the nature, timing, and extent of further auditing procedures.
◦ refers to risks that are pervasive to the financial statements as a whole.
◦ consists of business risk and inherent risk.

Question 2

The auditor's responsibility section in an audit report states that "…the standards require that we plan and perform the audit to obtain ________ assurance about whether the financial statements are free of material misstatement." What type of assurance is given?
◦ immediate
◦ limited
◦ reasonable
◦ absolute
Auditing and Assurance Services ¦ Arens, Elder, Beasley, Hogan ¦ 17th Edition
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Marked as best answer by C0DxHalo on Aug 21, 2022

ekattan2

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Reply #1 on: Aug 21, 2022
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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C0DxHalo

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Reply 2 on: Aug 21, 2022
YES! Correct, THANKS for helping me on my review

tandmlomax84

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

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