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According to your textbook, planning an audit involves establishing the overall audit strategy for the engagement and developing an audit plan in an attempt to reduce audit risk to an acceptable level. Use the most recent balance sheet or income statement of Pittsburg Paint Group (see Week 6 discussion). Select at least 2 accounts of different classifications. Discuss the type of audit procedures that would produce the most reliable evidence for those account balances. Defend your position with sound reasoning and/or examples and evidence.
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