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[CPA] AUD: Risk Assessment: Understanding the Entity and Its Industry Environment

Hey, welcome to VoraPrep Audio. Glad you could tune in. I want you to picture something. Imagine you’re an audit partner in the late 2000s. You just signed off on the audit for a big video rental chain. You saw their revenue was slipping, sure. But you figured it was just a mild recession. No big de…

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