What is the main objective of the auditor in assessing business risks in the conduct...

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Accounting

What is the main objective of the auditor in assessing business risks in the conduct of an audit?

Please select the right answer.

  • To identify significant risks that must be communicated to those charged with governance

  • To reduce audit risk to an acceptably low level

  • To highlight significant risks that may need to be communicated to shareholders

  • To assist in identifying risks of material misstatement

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