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1.Outline what a Third Party Confirmation is and discuss its value to the Auditor 2.The Audit Report is extremely important for the shareholders of a

1.Outline what a Third Party Confirmation is and discuss its value to the Auditor

2.The Audit Report is extremely important for the shareholders of a company but does have a number of shortcomings. List what audit limitations are not set out explicitly for the shareholders in the Audit Report.

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