In an audit of financial statements,it is implied that absolute assurance will be provided.

Name: In an audit of financial statements,it is implied that absolute assurance will be provided.
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Quizplus · Accepted Answer

An audit of financial statements does not provide absolute assurance, but rather reasonable assurance. This is because audits are performed by gathering and evaluating evidence to support financial statement assertions, but there is always some inherent risk of error or fraud that cannot be completely eliminated.

In an Audit of Financial Statements,it Is Implied That Absolute