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43. Which of the following statements best describes the entity's risk assessment process? a. Entity's process of identifying business risks relevant to financial reporting objectives

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43. Which of the following statements best describes the entity's risk assessment process? a. Entity's process of identifying business risks relevant to financial reporting objectives and deciding about actions to address those risks. b. Entity's assessment of audit risks affecting the financial statements. c. Entity's process of evaluating the risks of misstatements due to fraud. d. Entity's assessment of risks that internal control may fail to detect misstatements affecting the financial statements. f

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