Question: a) Audit provides reasonable assurance not guarantee. Explain this statement. b) What is the purpose of opinion paragraph? Identify the most important information included in

a) Audit provides reasonable assurance not guarantee. Explain this statement.

b) What is the purpose of opinion paragraph? Identify the most important information included in the opinion paragraph.

c) If client adds an additional company in financial statement, does that require an explanatory paragraph in the audit report?

d) What type of opinion should an auditor issue when the financial statements are not in accordance with IFRS because such adherence would result in misleading statements?

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