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(2) A material misstatement is information in the financial statements that is sufficiently incorrect that it may impact the economic decisions of someone relying on
(2) A material misstatement is information in the financial statements that is sufficiently incorrect that it may impact the economic decisions of someone relying on those statements. Conceptually discuss the impact of the following factors related to the role of external auditor to detect material misstatement, comprising of: (a) technology, (b) regulatory requirements, (c) audit tenure, (d) auditor's expertise, and (e) audit committee's effectiveness
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