This Alert will help you plan and perform your audits by identifying the significant business risks that may result in the material misstatement of your client's financial statements. The AICPA Audit and Attest Standards staff has reviewed the auditing guidance in this Alert (defined as Other Publications by SAS No. 95) and is presumed to be appropriate. This document has not been approved, disapproved, or otherwise acted on by a senior technical committee of the AICPA.
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