The auditor is unable to obtain absolute assurance that the financial statements are free from material misstatement because of inherent limitations,which arise from
A)the structure of financial reporting
B)the selection of audit procedures
C)the need for the audit to be conducted within a reasonable period of time and at a reasonable cost
D)the fact that there is no such thing as absolute assurance

Question

Quizplus · Accepted Answer

The Answer of The auditor is unable to obtain absolute assurance that the financial statements are free from material misstatement because of inherent limitations,which arise from
A)the structure of financial reporting
B)the selection of audit procedures
C)the need for the audit to be conducted within a reasonable period of time and at a reasonable cost
D)the fact that there is no such thing as absolute assurance

The Auditor Is Unable to Obtain Absolute Assurance That the Financial