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Q1: Assume you are an external auditor and do an audit for Al Safwa Dairy Company. a) You are must draw an overview of the

Q1: Assume you are an external auditor and do an audit for Al Safwa Dairy Company.

a) You are must draw an overview of the Audit Processes of the company.

b) How can you assess the risks associated with the audit of the financial statements.

c) Do you think that the audit risk assessment is important? Justify.

d) How do you arrive at an opinion on the financial statement of the company?

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