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Which of the following would increase the risk of material misstatement, indicating that more evidence should be collected by the auditor? Please select the right
Which of the following would increase the risk of material misstatement, indicating that more evidence should be collected by the auditor?
Please select the right answer.
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X The knowledge that the audit working papers will be reviewed by a parent company auditor from another firm
The use of audit staff who are unfamiliar with the client
The use of judgmental sampling rather than statistical sampling
A dientimposed reporting deadline which is unusually soon after the year end
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