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1. Three reasons why auditors are responsible for reasonable but not absolute assurance? 2. The CPA firm normally uses defenses when there are legal claims

1. Three reasons why auditors are responsible for "reasonable" but not "absolute" assurance?

2. The CPA firm normally uses defenses when there are legal claims by clients. What are defenses?

3. Explain what is professional skepticism?

4.What are the essential activities involved in the initial planning of an audit?

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