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saveliy_v [14]
1 year ago
13

Audits of financial statements are designed to obtain reasonable assurance of detecting misstatement due to?

Business
1 answer:
alisha [4.7K]1 year ago
5 0

Answer:

Errors, fraud, and noncompliance with laws with a direct effect on financial statement amounts.

<h3>How does the auditor obtain reasonable assurance?</h3>
  • In order to obtain reasonable assurance, the auditor shall obtain sufficient appropriate audit evidence to be able to draw reasonable conclusions on which to base the audit opinion.
  • Reasonable assurance is obtained when the auditor has thereby reduced audit risk to an acceptably low level.

To learn more about it, refer

to brainly.com/question/24553900

#SPJ4

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Answer:

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c. Fixed overhead budget variance = Budgeted fixed overhead - Actual fixed overhead

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