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  3. 3. auditing standards indicate that the auditor sh

3. Auditing standards indicate that the auditor should ordinarily presume that there is a risk...

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Accounting

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3. Auditing standards indicate that the auditor should ordinarily presume that there is a risk of material misstatement due to fraud relating to revenue recognition. How might this concern related to revenue recognition affect the nature and extent of confirmation procedures? 4. Responses are often not received for positive accounts receivable confirmation requests. What should the auditor do if a confirmation response is not received

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