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What is the overall impact on audit risk

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Question - Angora Pty. Limited is a small primary producer specializing in the production of angora wool. Angora's recent display at a trade show has seen orders flood in from overseas buyers. The accountant, Michael, has done his best to satisfy the orders as quickly as possible while maintaining the appropriate (foreign currency) accounting records. However, from some of the questions he has been asking you, you suspect he is out of his depth. What is the overall impact on audit risk and identify the specific components of audit risk affected?

Reference no: EM132564323

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