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Auditing

Lecture 3 & 4

Going concern, assurance vs audit, materiality, performance materiality, clearly trivial thresholds, and audit report scope.

Question 2 of 9

What is the difference between an audit and assurance?

Write your answer in your own words. It will be graded with Gemini.

Answer freely: concise wording is fine as long as it covers the lecture point.