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Explain the impact of the issue on your assessment

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Reference no: EM132745530

Question: The audit client has been involved in a dispute with the regulators over choice of accounting methods and disclosure practices.

Required: 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: EM132745530

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