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While assessing the risks of material misstatement, auditors identify risks, relate risk to what could go wrong, consider the magnitude of risks, and: A) Consider

While assessing the risks of material misstatement, auditors identify risks, relate risk to what could go wrong, consider the magnitude of risks, and:

A) Consider the complexity of the transactions involved.

B) Consider the likelihood that the risks could result in material misstatements.

C) Assess the risk of misstatements due to illegal acts.

D) Determine materiality levels.

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