Question 6 Study the scenario and complete the questions that follow: Responsibilities Auditor-opinion Management-prepcancion Financialstatement representation Objectives of hoci statement out Profesional acupficium Risk materiality Obliain cunable curace Limitations of testing Limitations of Control Evidence is poroslo not conclusivo Subjace judgement Financiamento of material ident Financial statementar prepared according to applicable reporting ondorda Provide an option 6.1 Explain the difference between reasonable assurance and absolute assurance in relation to an audit (2 Marks) 8.2 The risk of material misstatement exists at two levels within the audit process. Explain the two levels and provide two examples for each level. (3 Marks) 6.3 Explain what is meant by "evidence is persuasive and not conclusive." (4 Marks) 6.4 Explain what you understand by audit risk and the relationship that exists (if any) between materiality and audit risk. (6 Marks) 6.5 Explain the difference between 'engagement activities' and planning in the audit process. Be sure to provide details about each stage and make use of examples. (10 Marks)