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(b) Inherent limitations are such features of audit that restrict the scope for an auditor to obtain absolute assurance. Based on the above statement, you

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(b) Inherent limitations are such features of audit that restrict the scope for an auditor to obtain absolute assurance. Based on the above statement, you are required to provide the relevant example to real situations in corporate world and appropriate source of documents that related to each types of inherent limitations of auditing. You are also required to describe the actions to be taken by an auditor to overcome inherent limitations in the situations given. (10 marks) [Total = 25 marks]

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