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Assume the auditor of a private company learns that the company's management is planning to buy out the company from its current owners by using
Assume the auditor of a private company learns that the company's management is planning to buy out the company from its current owners by using debt and equity partners. Which of the following best describes the risks on which the auditor should focus more than under normal circumstances? Group of answer choices Understatement of inventory and overstatement of accounts payable Understatement of inventory and understatement of accounts payable Overstatement of inventory and overstatement of accounts payable Overstatement of inventory and understatement of accounts payable
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