Reasonable assurance is best described as:
AAbsolute assurance
BA high but not absolute level of assuranceCORRECT
CA moderate level of assurance
DA negative form of assurance
ICANAudit & AssuranceNature and Objectives of Assurance2023
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Why the answer is B, and why the others tempt you.
Reasonable assurance is a high level of assurance, but not absolute, because of inherent limitations such as the use of sampling, the possibility of collusion, and the judgemental nature of many accounting estimates.
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