You have recently graduated from your university course and start work with an audit firm. You meet an old school friend, Nayan, for dinner you haven't seen each other for several years. Nayan is surprised that you are now working as an auditor because your childhood dream was to be a ballet dancer. Unfortunately, your knees were damaged in a fall and you can no longer dance. The conversation turns to your work and Nayan wants to know how you to do job. Nayan cannot understand why an audit is not a guarantee the company will succeed. Nayan also thinks that company managers will lie to you in order to protect themselves, and as an auditor you would have to assume that you cannot believe anything a company manager says to you. Required (a) explain the concept of reasonable assurance, and how reasonable assurance is determined. Explain why an auditor cannot offer absolute assurance