Why it is important for the auditor to use risk analysis to, Financial Accounting

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Why it is important for the auditor to use risk analysis to

1. Why it is important for the auditor to use risk analysis to develop expectations about client performance?

2. What ratios would best indicate problems with potential inventory obsolescence or collectibility of receivables? How are those ratios calculated?

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Financial Accounting: Why it is important for the auditor to use risk analysis to

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