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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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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