Your audit client extracts iron ore and exports to a buyer MMM Ltd in Myanmar. Recent civil

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Your audit client extracts iron ore and exports to a buyer MMM Ltd in Myanmar. Recent civil unrest in Myanmar has stalled many business activities resulting in disrupting delivery schedules to MMM Ltd.

Required:

a. Indicate how (increase/decrease/no effect) this issue would affect the components of the audit risk model.

b. Identify and briefly explain what the appropriate the audit strategy should be when performing the audit of this matter.

Related Book For answer-question

Auditing and Assurance Services An Applied Approach

ISBN: 978-0073404004

1st edition

Authors: Iris Stuart

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Posted Date: Jun 14, 2021 03:30 AM

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Your audit client extracts iron ore and exports to a buyer MMM Ltd in Myanmar. Recent civil

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a Foreign exchange risk also known as exchange rate risk is the risk of financial impact due to exch... View the full answer

Auditing and Assurance Services An Applied Approach

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