Question: Question 3 (25 marks) Other business risks could affect the risks of material misstatement for particular accounts, disclosures, or assertions. Are auditors responsible for identifying

Question 3 (25 marks) Other business risks could affect the risks

Question 3 (25 marks) Other business risks could affect the risks of material misstatement for particular accounts, disclosures, or assertions. Are auditors responsible for identifying and assessing the risk of material misstatement? What does the term "material misstatement" mean? Support your answer with an example from the Aramco Annual report 2022

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