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Which of the following situations would INCREASE a clients assessed inherent risk? a. Credit limit checks for new customers were not undertaken when the accounts
Which of the following situations would INCREASE a clients assessed inherent risk?
a.
Credit limit checks for new customers were not undertaken when the accounts manager was on leave.
b.
The auditor has developed a relationship with the clients management and board over the length of their tenure.
c.
The auditor does not possess expertise in valuation of some of the clients assets.
d.
The client has recently acquired a complex technological start-up company specialising in home automation products.
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