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Question 2 (20 Marks) Based on the scenario presented in question 1 you are required to decide whether the risk of material misstatement at the

Question 2 (20 Marks) Based on the scenario presented in question 1 you are required to decide whether the risk of material misstatement at the financial statement level should be assessed as low, medium or high. Give reasons for your decision by providing the factors that will contribute to you risk level. NB: This should be in relation to the case study.

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