INHERENT LIMITATION OF AN AUDIT

Absolute level of assurance can never be express due to inherent limitation of an audit,which affect the auditor ability to detect material.
                           It can also be said that the auditor could not certify that the accounts are correct they can only express reasonable assurance on the financial statement of the company.
                           Reasonable assurance is a concept relating to the accumulation of the audit evidence necessary for the auditor to conclude that there is no material misstatement in the financial statement.

                     THE INHERENT LIMITATIONS ARE AS FOLLOWS:
1)external auditor do not check ever thing in F/S they work on sample basis.  
2)Audit report has its own limitation due to standard size and technique language.
3)Most of the audit evidance are based on assumptions  and jugments
  EXAMPLE :PROVISIONS