Auditing & Assurance Services: A Systematic Approach (Irwin Accounting)
Auditing & Assurance Services: A Systematic Approach (Irwin Accounting)
10th Edition
ISBN: 9780077732509
Author: William F Messier Jr, Steven M. Glover Associate Professor, Douglas F. Prawitt Associate Professor
Publisher: McGraw-Hill Education
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Chapter 6, Problem 6.7RQ
To determine

Introduction : Reasonable assurance means that level of confidence which an auditor,with his professional skepticism , tries to achieve so that he can reach to a conclusion that financial statements are not materially misstated.

To explain: Meaning of reasonable assurance in terms of internal control and inherent limitations of internal control.

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