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lily is a potential investor in abc Group, a large mining company. lily has reviewed ABCGroups 2021 audited financial report and believes that the auditors

lily is a potential investor in abc Group, a large mining company. lily has reviewed ABCGroups 2021 audited financial report and believes that the auditors report provides absolute assurance that there are no material misstatements in the financial report.

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Advise lily as to whether this is a reasonable expectation, explaining the reasons for your opinion.

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