Why is the audit of related party transactions a particular risk area for auditors?

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Modern Auditing And Assurance Services

ISBN: 9781118615249

6th Edition

Authors: Philomena Leung, Paul Coram, Barry J. Cooper, Peter Richardson

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Question Posted: May 23, 2024 07:01 AM

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As part of the risk assessment of a client firm, auditors are required to evaluate the risks of material misstatement associated with related party transactions. Related party transactions may be...
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Why is the audit of related party transactions a particular risk area for auditors?

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Modern Auditing And Assurance Services

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