The use of analytical procedures based on the financial statements is highly recommended for both Questions 1

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The use of analytical procedures based on the financial statements is highly recommended for both Questions 1 and 2. The purpose of questions 2 is not to understand competitive issues, rather, focus should be on conducting a risk assessment based on industry- level factors and identifying inherent risks

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The use of analytical procedures based on the financial statements is highly recommended for both Questions 1

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