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✨ EY Prep 🩷
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Audit
🟢 Easy
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What does 'reasonable assurance' mean in auditing?
A.
The auditor guarantees the financial statements are 100% correct
B.
A high but not absolute level of assurance — audits have inherent limitations
C.
The auditor is reasonably confident the company is profitable
D.
The audit was completed within a reasonable timeframe