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The sales and collection cycle is particularly susceptible to misstatement. Describe three reasons why this could be so. Briefly explain what is meant by a

The sales and collection cycle is particularly susceptible to misstatement. Describe three reasons why this could be so.

Briefly explain what is meant by a debtor's confirmation. What is the purpose of performing a debtor's confirmation?. In the answer identify the two most relevant audit objective that a debtor's confirmation provide evidence on.

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