Accounting · Audit Procedures and Risk Assessment
Which TWO of the following initial actions should Redbridge & Co take following Northgate Co's refusal to allow Redbridge & Co to seek a bank confirmation letter from Cedar bank? 1. Send the bank confirmation request without management's permission 2. Re-evaluate the risks of material misstatement including fraud risk 3. Revise the audit plan and consider alternative procedures 4. Issue a disclaimer of opinion as there is insufficient evidence available
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2 and 3
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