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In the Auditor's Responsibility Paragraph of the Audit Report, the Use

Question 27

Multiple Choice

In the auditor's responsibility paragraph of the audit report, the use of the term 'reasonable assurance' is intended to indicate that:


A) no misstatements exist in the financial statements.
B) there is a possibility that material misstatements still exist in the financial statements.
C) no material misstatements exist in the financial statements.
D) there is a possibility that immaterial misstatements still exist in the financial statements.

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