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Reasonable assurance: like normal external audit
Where as
Limited assurance : review of all financial statements prepared by internal control department.
I have written what I understood please tell whether I am right or wrongReasonable assurance is where you can definitely say something, like as you say in external audit: the FS show a true and fair view.
Limited assurance is simply saying you found nothing wrong. Eg a review of a budget or a review of a set of FS. So your example is fine.
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