Question: During the current financial year being audited, the audit client extended their market to include international sales for the first time. Required: Explain the impact

During the current financial year being audited, the audit client extended their market to include international sales for the first time.

Required: Explain the impact of this issue on your assessment of a) audit risk, (by indicating the impact on the relevant components) and b) the audit strategy that would be adopted.

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