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1) See the ZZZZ Best Company, Inc. case for this question. Ernst & Whinney never issued an audit opinion on financial statements of ZZZZ Best

1) See the ZZZZ Best Company, Inc. case for this question. Ernst & Whinney never issued an audit opinion on financial statements of ZZZZ Best but did issue a review report on the company's quarterly statements for the three months ended July 31, 1986. How does a review differ from an audit, particularly in terms of the level of assurance implied by the auditor's report?

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