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Recent media articles have revealed that the CEO of the audit client has been linked to activities of the bikie gangs. Required: Explain the impact

Recent media articles have revealed that the CEO of the audit client has been linked to activities of the bikie gangs.

Required:

Explain the impact of this issue on your assessment of a) audit risk, (by indicating the impact on the relevant components) and b) the audit strategy that would be adopted. (3 marks)

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