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You were not able to observe a material amount of ABCs inventory at year-end due to weather conditions that prevented travel to the inventory locations.
You were not able to observe a material amount of ABCs inventory at year-end due to weather conditions that prevented travel to the inventory locations. You had assessed high RMM for the Inventory asset based on concerns about management integrity, and you were unable to conduct alternative audit procedures that provided sufficient appropriate evidence in your professional judgment. The size of the inventory asset is above your overall materiality threshold for the financial statements.
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