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CPA Accountant Review Questions

Category - Specialized Forensic Knowledge

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What does an auditor aim for when auditing financial statements?

Reasonable assurance
Absolute assurance
Exclusive assurance
Inclusive assurance

Explanation

Answer: A - One aim of the auditor is to provide reasonable assurance about the financial statements. The statements should be true and fair of the information presented. The assurance provided by the auditor can only be reasonable, not absolute.

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CPA Accountant Review Questions

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