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C Co uses material B, which has a current market price of $0·80 per kg. In a linear program, where the objective is to maximise profit, the shadow pr
5 An enterprise has made a material change to an accounting policy in preparing its current financial statements.Which of the following disclosures a
3 (a) Financial statements often contain material balances recognised at fair value. For auditors, this leads to additionalaudit risk.Required:Discus
3 (a) Discuss why the identification of related parties, and material related party transactions, can be difficult forauditors. (5 marks)