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1)The COVID 19 pandemic is a one in 100yr event. What impact does this have on the planning of an audit engagement? Include in your

1)The COVID 19 pandemic is a one in 100yr event. What impact does this have on the planning of an audit engagement? Include in your answer the impact on each area of Audit Risk.

2)Audits are a key control activity for many companies. Explain FOUR factors that creat a demand for an independent financial report.

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