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    Auditing and Assurance Services Study Set 2
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    Exam 9: Assessing the Risk of Material Misstatement
  5. Question
    Revenue Transactions and Account Balances Subject to Significant Risk Are
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Revenue Transactions and Account Balances Subject to Significant Risk Are

Question 35

Question 35

True/False

Revenue transactions and account balances subject to significant risk are not required to be documented in the working papers if the auditor determines significant risk does not apply in a particular audit engagement.

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