Classifying client into safe or risky category affect audit

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The book mentions that it is necessary for the auditor to understand the client's business. Why is that the case? How does classifying the client into a safe or risky category affect the audit? Do you think auditors should still accept clients in high risk industries? If yes, why? If not, who would audit them? 0 0 Materiality

Reference no: EM131144383

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