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Question - Auditors need to obtain evidence on a cost-effective basis, and consequently, the nature of audit evidence is persuasive rather than conclusive.
Required -
1. Explain fully why evidence is always persuasive and never conclusive.
2. Is there a difference in the level of persuasiveness evidence provides? Explain.
Fish Ltd, is a public corporation and has taxable income of $400,000 for the year. What is Fish Ltd's federal tax payable for the year
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