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Audit Exemption for Small Companies - Accounting and - ACRA

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Clarity SSA 315 Identifying <strong>and</strong> Assessing the Risks<br />

of Material Misstatement through Underst<strong>and</strong>ing the<br />

Entity <strong>and</strong> Its Environment<br />

•deals with the auditor's responsibility to identify <strong>and</strong><br />

assess the risks of material misstatement in the<br />

financial statements, through underst<strong>and</strong>ing the entity<br />

<strong>and</strong> its environment, including the entity's internal<br />

control<br />

© 2010 Foo Kon Tan Grant Thornton LLP

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