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Describe the Three Events That Must Happen, According to the Audit

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Essay

Describe the three events that must happen, according to the audit risk model, for a material misstatement to affect the financial statements.


Definitions:

Dissecting Microscope

A type of light microscope designed for low magnification observation of a sample, commonly used for dissection.

Compound Light Microscope

An optical instrument that uses visible light and a system of lenses to magnify small objects or details not visible to the naked eye.

3-Dimensional

Describes an object or representation that includes depth, width, and height, providing a perception of volume and space.

Working Distance

The distance between the objective lens of a microscope and the surface of the sample being observed.

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