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Section B: Short Answers (40 points) 1. Discuss each of the four defenses a CPA firm can normally use when facing legal claims by clients.

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Section B: Short Answers (40 points) 1. Discuss each of the four defenses a CPA firm can normally use when facing legal claims by clients. (8 points) 2. Briefly explain each management assertion related to classes of transactions and events for the period under audit. (10 points) 3. Discuss five of the following characteristics of relevant evidence. (10 points)

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