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The auditor is unable to obtain absolute assurance that the financial statements are free from material misstatement because of inherent limitations , which arise from

The auditor is unable to obtain absolute assurance that the financial statements are free from material misstatement because of inherent limitations, which arise from
the nature of financial reporting
the selection of audit procedures for financial service industry audit
the client's requirement for the audit to be conducted within a reasonable period of time and at a reasonable cost
the fact that there is no such thing as absolute assurance
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