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If a company's financial statements contain material balances measured by fair value (FV), then this leads to additional audit risk for auditors. Requirements: a) Discuss

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If a company's financial statements contain material balances measured by fair value (FV), then this leads to additional audit risk for auditors. Requirements: a) Discuss this statement for the perspectives of internal risk, control risk and detection risk and the overall audit risk in the financial statement as a whole

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