Question 2. Total 06 Marks. In relation to the audit report on financial statements and the contents thereof discuss the appropriateness or otherwise of the following statements:- (a) Reasonable assurance is a high level of assurance and is a guarantee that if audit is conducted in accordance with ISAs, it will always detect a material misstatement whenever it exists. (03 marks) (b) The auditor obtains an understanding of controls relevant to the audit in order to design audit procedures that are appropriate in the circumstances and also for the purpose of expressing an opinion on the effectiveness of the entitys internal control. (03 marks)