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27) The First National Bank has a few large customer savings accounts that involve more than a one million dollars each whereas The Fifth-Third National
27) The First National Bank has a few large customer savings accounts that involve more than a one million dollars each whereas The Fifth-Third National Bank has many small customer savings accounts that total one 2 million dollars. The risk of a substantial misstatement in any one savings account is more significant for The First National Bank audit because of the concept of:
A) materiality.
B) audit risk.
C) reasonable assurance.
D) comparative analysis.
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