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Business, 16.04.2020 00:52 salmanderabdi12

ABC, Inc. is a privately owned business that sells medical product and devices to hospitals, clinics and the public. Certain changes have occurred in ABC, Inc. during the year undergoing the audit. Harker needs to evaluate the effect these changes have on audit risk. Audit risk at the financial statement level is influenced by the risk of material misstatement; which include factors related to management, the industry and the entity or a combination thereof. If an expert was hired to help determine the value of the ore content in ending materials inventory, what is the best possible effect on the audit?

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