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  3. (1) related parties are a major factor in assessin

(1) Related parties are a major factor in assessing inherent risk. Why? (2) Fair value...

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Accounting

(1) Related parties are a major factor in assessing inherent risk. Why? (2) Fair value accounting may be a major factor in assessing both inherent risk and even control risk. Discuss how the extensive use of fair value accounting could affect both inherent risk and control risk.

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