Which of the following is not true of "reasonable assurance"?
A)Exercise of due care
B)Absolute guarantee
C)Appearance of independence
D)Followed GAAS

Name: Which of the following is not true of "reasonable assurance"? A)Exercise of due care B)Absolute guarantee C)Appearance of independence D)Followed GAAS
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Question

Quizplus · Accepted Answer

"Reasonable assurance" does not imply an absolute guarantee, as this level of assurance is not achievable in most situations. The other options (A, C, D) are all true of "reasonable assurance."

Which of the Following Is Not True of "Reasonable Assurance