The audit partner asks you to commission the report. Your report should be critical but at the same time presented in easy-to-read and understand format. The report should address the followings in critical and considered manner: Examine the background information in relation to the types of risk that you would consider when determining preliminary materiality for the 2014 audit of Gold Coast Paradise. Identify the factors that would impact on the risk of material misstatement and explain the effect of those factors on planning materiality and risk for the 2014 audit of Gold Coast Paradise
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