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It is the responsibility of the auditor to identify and assess the risks of material misstatement of the financial statements, whether due to fraud or

It is the responsibility of the auditor to identify and assess the risks of material misstatement of the financial statements, whether due to fraud or error, design and perform audit procedures responsive to those risks, and obtain sufficient appropriate audit evidence to provide a basis for the auditors opinion. Based on this composition, describe any three propositions about material misstatement

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