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Current Attempt in Progress A client sells expensive flat screen televisions. The client has limited...

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Accounting

Current Attempt in Progress
A client sells expensive flat screen televisions. The client has limited security and performs only annual inventory counts. Which of the
following is true?
the risk of material misstatement will likely be assessed as low
the auditor will likely assess control risk as high
the auditor will likely assess inherent risk as low
a combined audit strategy will likely be chosen
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