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30-04-2024
Business

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Which statement is true with respect to the discussion among engagement personnel regarding the risk of material misstatement due to fraud?
1) The discussion is not necessary for the engagement personnel
2) The discussion is important for the engagement personnel to identify and assess the risk of material misstatement due to fraud
3) The discussion is only relevant for the auditors
4) The discussion is only relevant for the management

Answer :

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