ACCT 444 Week 6 DQ 2

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ACCT 444 Week 6 DQ 2

Please review Case 16-34 (Smalltown Regional Hospital) in your textbook.

In this case, we are auditing the sales and collection cycle of a nonprofit hospital. Just because it is a nonprofit organization, that does not eliminate the need for the auditors to assess risk. What are the major factors affecting client business risk and acceptable audit risk for this audit?

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