Explain the difference between limited assurance and reasonable assurance. Question content area bottom Part...

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Accounting

Explain the difference between limited assurance and reasonable assurance.
Question content area bottom
Part 1
A.
Reasonable assurance provides a moderate level of assurance, while limited assurance means a higher but not absolute level of assurance.
B.
Reasonable assurance provides a moderate level of assurance, while limited assurance means an absolute level of assurance.
C.
Reasonable assurance means a high but not absolute level of assurance, while limited assurance provides a more moderate level of assurance.
D.
Reasonable assurance means an absolute level of assurance, while limited assurance provides a more moderate level of assurance.

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