How does it affect risk of material misstatement

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Reference no: EM13139957

ABC Limited is a wholesaler of sporting goods, around 50% of sales are made to government bodies which despite being slow payers, are a good source of income, sales tend to receive a boost in around June. As an independent auditor, relate to the circumstance, explain the key audit objectives ( general & specific), the specific audit procedure should be proformed, how does it affect the risk of material misstatement and the nature of audit procedure you have chosen?

Reference no: EM13139957

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