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North West Paper Inc. (North West) provides cardboard, paper, and plastic packaging materials to a large number of manufacturers and distributors in all states. The
North West Paper Inc. (North West) provides cardboard, paper, and plastic packaging materials to a large number of manufacturers and distributors in all states. The cardboard and paper division is a well-established business, but North West has been providing plastic products only since its takeover of Plastic Products Inc. 18 months ago. Procedures that the auditors can take to respond to an increase in inherent risk at the financial statement level include all of the following except: Group of answer choices emphasize that audit team members maintain professional skepticism. assign more experienced staff to areas of higher risk of material misstatement. provide extensive supervision of audit staff. raise the level of materiality, which will reduce the extent of testing and allow more time to write up the audit report
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