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The primary reason an auditor assesses both client business risk and risk of material misstatements in financial statements is to: a. use the audit risk
The primary reason an auditor assesses both client business risk and risk of material misstatements in financial statements is to:
a. use the audit risk model to determine the amount of evidence to examine.
b. make sure you can do the audit efficiently.
c. determine how much you will trust the client's internal control system.
d. determine the test of balances to be performed.
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