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1. Under what general circumstances should an audit firm choose not to accept a high-risk engagement? 2. Do you believe auditors should have used confirmations
1. Under what general circumstances should an audit firm choose not to accept a high-risk engagement?
2. Do you believe auditors should have used confirmations in auditing accounts payable? Defend your answer. Briefly explain the differing audit objectives related to accounts receivable and accounts payable confirmation procedures and the key differences in how these procedures are applied.
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