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Which of the following is always true regarding financial statement level risks (FSLRs)? A. FSLRs relate pervasively to the financial statements as a whole. B.

Which of the following is always true regarding financial statement level risks (FSLRs)?

A. FSLRs relate pervasively to the financial statements as a whole.

B. FSLRs relate to applying accounting principles or practices.

C. FSLRs do not arise from the entity and its environment.

D. FSLRs relate to specific assertions for classes of transactions, account balances, or disclosures.

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