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This problem requires you to access PCAOB Auditing Standards (pcaobus.org) to answer each of the following questions. You can access those standards by viewing content
This problem requires you to access PCAOB Auditing Standards (pcaobus.org) to answer each of the following questions. You can access those standards by viewing content found under the link Standards. Review PCAOB auditing standards related to the auditors consideration of fraud in a financial statement audit (AS 2401) and related to the auditors responses to the risks of material misstatement (AS 2301) to answer parts a. through f. below. For each answer, document the paragraph(s) in the relevant standard supporting your answer. Required You have determined that there is a fraud risk related to the existence and accuracy of inventory. Review the guidance in PCAOB auditing standards to provide examples of auditor responses involving changes to the nature
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