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The risk that the financial statements are materially misstated prior to audit refers to the risk of material misstatement. Are auditors responsible for identifying and

The risk that the financial statements are materially misstated prior to audit refers to the risk of material misstatement. Are auditors responsible for identifying and assessing the risk of material misstatement? What does the term

material misstatement

mean? Support your answer with an example from the ZAIN Financial Statements

2022 .

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