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Current Attempt in Progress Dixon CPAs has been hired by a local firm to perform a review of its financial statements. The partners of Dixon
Current Attempt in Progress Dixon CPAs has been hired by a local firm to perform a review of its financial statements. The partners of Dixon are meeting with the client's management to discuss the engagement and the CPA firm's liability. Which of the following most accurately describes this? The auditor's liability in this scenario is the same as a full attestation engagement, as the auditor is expressing assurance. The auditor's liability in this scenario is confined to limited assurance, which is less than the level of assurance offered as part of a regular audit. The auditor's liability in this scenario is extended to full assurance, which is a level of assurance higher than the reasonable assurance offered as part of an attestation engagement. As part of the engagement, the auditor must agree that it has responsibility for fair presentation of the financial statements in accordance with the applicable framework
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