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III. Short Answers. (20 points, 5 points each). Below there are four questions. Briefly answer each one. 1. During an audit, the auditor faces several

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III. Short Answers. (20 points, 5 points each). Below there are four questions. Briefly answer each one. 1. During an audit, the auditor faces several risks. What are they? 2. Give four examples of different audit procedures. 3. What are some of the assertions that auditors make about the balance sheet

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