Gina Rinehart is a potential investor in BHP Group, a large mining company. Gina Rinehart has reviewed BHP Group’s 2021 audited financial report and believes that the auditor’s report provides absolute assurance that there are no material misstatements in the financial report.REQUIREDAdvise Gina Rinehart as to whether this is a reasonable expectation, explaining the reasons for your opinion.

Lets first understand what does it means to a absolute assurance. It is a assurance where, auditor…

Answered: Gina Rinehart is a potential investor…

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Gina Rinehart is a potential investor in BHP Group, a large mining company. Gina Rinehart has reviewed BHP Group’s 2021 audited financial report and believes that the auditor’s report provides absolute assurance that there are no material misstatements in the financial report.

REQUIRED

Advise Gina Rinehart as to whether this is a reasonable expectation, explaining the reasons for your opinion.

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