Question: Consult Paragraphs 4-6 of AU Section 334. Comment on why the existence of related parties (such as ALO and New Church Ventures) presents additional risks
Consult Paragraphs 4-6 of AU Section 334. Comment on why the existence of related parties (such as ALO and New Church Ventures) presents additional risks to an auditor. Do you believe that related party transactions deserve special attention from auditors? Why or why not?
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