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take D Question 21 2 pts is an audit concept regarding the importance of an item with regard to its impact or effect on

take D Question 21 2 pts is an audit concept regarding the importance of an item with regard to its impact or effect on the functioning of the entity being audited; also can be thought of as an expression of the relative significance or importance of a particular matter in the context of the enterprise as a whole O Inherent risk O Audit risk O Risk assessment O Materiality

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