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Explain the impact of the issue on assessment of audit risk

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Reference no: EM132743367

There has been significant adverse effects of COVID-19 on the performance of the audit client, with total revenue falling by 30% over the financial year.

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Problem 1: Explain the impact of this issue on your assessment of a) audit risk, (by indicating the impact on the relevant components) and b) the audit strategy that would be adopted.

 

Reference no: EM132743367

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