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26. Which of the following statements is correct about audit risk? a. It is impossible to completely eliminate audit risk. b. Audit risk is the

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26. Which of the following statements is correct about audit risk? a. It is impossible to completely eliminate audit risk. b. Audit risk is the risk that an auditor expresses an inappropriate opinion when the financial statements are materially stated. c. Audit risk can be reduced at the planning stage of an audit by identifying the key risks faced by the client. d. All of the above

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