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11. Explain briefly the importance of each of the following risk assessment procedures: (i) touring the client's premises; (ii) reading trade journals and magazines; (iii)
11. Explain briefly the importance of each of the following risk assessment procedures: (i) touring the client's premises; (ii) reading trade journals and magazines; (iii) reviewing the client's documentation; (iv) reviewing prior years' audit working papers and drawing on past experience with the client; (v) discussion among engagement team members
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