Absolute assurance:
A) is desired and strived for by auditors.
B) is not cost-effective.
C) is not possible given the estimation of many numbers in the financial statements.
D) Both b and c

Question

Quizplus · Accepted Answer

Absolute assurance is not feasible due to the inherent limitations in auditing, including the need for judgment and the impracticality of examining every transaction, making it not cost-effective and impossible due to the estimation involved in many numbers in financial statements.

Absolute Assurance