Refer to the Auditing in Practice feature, Pfizer Pharmaceuticals Risk Disclosures as an Example of Inherent Risk

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Refer to the Auditing in Practice feature, "Pfizer Pharmaceuticals Risk Disclosures as an Example of Inherent Risk at the Financial Statement Level." Summarize the risks that Pfizer is disclosing. Comment on why these risks might be of concern to the auditor.

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Auditing a risk based approach to conducting a quality audit

ISBN: 978-1133939153

9th edition

Authors: Karla Johnstone, Audrey Gramling, Larry Rittenberg

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