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Risks of material misstatement may arise from both errors and fraudulent activities. The standard requires that the risk assessment procedures can be conducted to obtain
Risks of material misstatement may arise from both errors and fraudulent activities. The standard requires that the risk assessment procedures can be conducted to obtain audit evidence to support identification and assessment of the risks of material misstatement in an unbiased manner.
Analyse the audit procedures that an auditor can use as part of the risk assessment procedure.
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