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How is foreign exchange an inherent risk and what should an auditor be looking at in the financial statments in terms of potential for misstatment?

How is foreign exchange an inherent risk and what should an auditor be looking at in the financial statments in terms of potential for misstatment?

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Foreign exchange forex risk refers to the potential loss that arises from fluctuations in exchange rates when a company operates in multiple currencies It is considered an inherent risk because it aff... blur-text-image

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