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    Audit and Assurance Services
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    Exam 11: Designing Substantive Procedures
  5. Question
    Why Are Related Party Transactions a Risk Area for Auditors
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Why Are Related Party Transactions a Risk Area for Auditors

Question 11

Question 11

Multiple Choice

Why are related party transactions a risk area for auditors? They:


A) have minimal disclosure requirements.
B) have a higher than average risk of irregularities.
C) have a direct impact on profit.
D) are difficult to assess.

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