[waleed]

Hi,
In my opinion, while answering this question, four things you should in mind.

1) Materiality
2) Accounting and auditing standards (specifically their relevant portion, not all).
3)What actually risk is? and its consequences.
4)Conclusion, like effects on auditor’s report.

I personally used this method while practicing these types of questions.

[waleed]

Any tips of P7, from reliable and official sources?

[Author]

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