What circumstances pertaining to property, plant, and equipment may warrant the following assessments of inherent risk (IR)?

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What circumstances pertaining to property, plant, and equipment may warrant the following assessments of inherent risk (IR)?

a. Low for the existence or occurrence assertion.

b. Moderate or high for the existence or occurrence assertion.

c. High for the valuation or allocation assertion.

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Modern Auditing

ISBN: 9780471596875

6th Edition

Authors: William C. Boynton, Walter G. Kell

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