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Provide two examples of factors that might increase the risk of material misstatement at the overall financial statement level. Question content area bottom Part 1

Provide two examples of factors that might increase the risk of material misstatement at the overall financial statement level.

Question content area bottom

Part 1

A.

declining economic conditions

B.

significant changes in the industry

C.

a lower cash balance than the prior year

D.

a high level of asset purchases in the current year

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