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Arla Foods is an international cooperative based in Viby, Denmark, and it’s the largest producer of dairy products in Scandinavia and the UK. Following an audit at the end of the last financial year, they disclosed information regarding the yearly sales of their major product (Nido) as well as online advertising cost for 7 years. They have also taken an inventory of the gr

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Identify 4 business risks of The Company that will increase the risk of material misstatement (specifically inherent risk) at the assertion level for classes of transactions or account balances. For each business risk, identify only 1 class of transaction or account balance (income statement or balance sheet line item), and for each class of transaction/account balance, please

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