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Why would an auditor consider the state of the economy when gaining detailed knowledge of an entity?

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Why would an auditor consider the state of the economy when gaining detailed knowledge of an entity?

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An auditor considers the state of the economy when gaining detailed knowledge of an entity for several important reasons Economic Conditions Impact Financial Statements The state of the economy can ha…View the full answer


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Related Book For  answer-question
Auditing A Practical Approach

Auditing A Practical Approach

ISBN: 9780730382645

4th Edition

Authors: Robyn Moroney, Fiona Campbell, Jane Hamilton

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Question Details
Chapter # 3- Risk assessment I
Section: Review Questions
Problem: 18
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Question Posted: September 16, 2023 13:09:18
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