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Introduction to assurance

The confidence inspired by a reasonable assurance report is designed to be greater
than that inspired by a limited assurance report.

Therefore:

 there are more regulations/standards governing a reasonable assurance
assignment

 the procedures carried out in a reasonable assignment will be more thorough

 the evidence gathered will need to be of a higher quality.

2.2 Different types of engagement

The following are some examples of assurance engagements:

 Audit of financial statements

 Review of financial statements

 Examination of a forecast

 Review of internal controls

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