4403964
| Question | Answer |
| Reasonable Assurance | - high but not absolute assurance (ISA200) - can only be given if practitioner is satisfied that the risk of expressing an inappropriate opinion is acceptably low - auditor expresses an opinion in a positive form - phrase used: "In our opinion, the AFS present fairly..." |
| Limited Assurance | - lower than reasonable but still meaningful - auditor is satisfied that the risk is > than reasonable but still acceptably low - auditor expresses opinion in a negative form - |
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