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Discuss the inherent risk assessment of the following items and explain why the auditor asses these inherent risks as high or low: - Inherent Risk

Discuss the inherent risk assessment of the following items and explain why the auditor asses these inherent risks as high or low:

- Inherent Risk Assessment Prepaid Expenses [1.25 marks]

- Inherent Risk Assessment Intangible Assets [1.25 mark

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