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You are required to read the following statement carefully, and then, discuss statement content, stating whether it correct or incorrect, and explain the CPA responsibility

You are required to read the following statement carefully, and then, discuss statement content, stating whether it correct or incorrect, and explain the CPA responsibility for financial statements.

The audit represents the CPA firms guarantee about the accuracy of the financial statements. In doing so, the CPA provides complete assurance in the audit of financial statements.

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