alleryStart learning →What level of assurance does a financial audit seek to provide?
AAbsolute assurance
BComplete assurance
CReasonable assurance
DGuaranteed accuracy
Answer & Solution
Correct answer: C. Reasonable assurance
Because of constraints such as sampling, an audit can give only reasonable, not absolute, assurance.
Keep practising Auditor Independence
Browse all Auditor Independence questions for CA Final, or explore more Auditing topics.
Related questions
Before any order under Section 21B(3), the member must be given what?Which action can the Section 21B Disciplinary Committee take against a guilty member?How many Disciplinary Committee members does the Central Government nominate under SectionUnder Section 21B, who is the Presiding Officer of the Disciplinary Committee?Under Section 28D(2), who bears the Quality Review Board's expenditure?Under Section 28B, the Quality Review Board reviews the quality of which services?How many Quality Review Board members does the ICAI Council nominate under Section 28A(3)?The Quality Review Board has a Chairperson and how many other members?