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Greetings, Kindly help me in answering the following questions: What are the fundamental concepts in conducting financial statement audit? Explain what reasonable assurance means? What

Greetings,

Kindly help me in answering the following questions:

  1. What are the fundamental concepts in conducting financial statement audit?
  2. Explain what reasonable assurance means?
  3. What should be included in the engagement letter?
  4. Why we need to assess business risks?

Thank you.

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