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Which of the following characteristics accurately describes an audit? A) Fraudulent activities are always discovered by auditors B) Provides absolute assurance to the users of

Which of the following characteristics accurately describes an audit?

A) Fraudulent activities are always discovered by auditors

B) Provides absolute assurance to the users of the financial statements

C) All transactions of an organization are reviewed

D) Obtains sufficient appropriate evidence to reduce risk to an acceptably low level.

C and D makes sense. Which one is correct?

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