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During December 20X1, TWD signed a contract to lease disposal equipment from an entity owned by Mead's parents. This related party transaction is not disclosed in TWD's notes to its 20X1 financial statements. The audit risk would:

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1. During December 20X1, TWD signed a contract to lease disposal equipment from an entity owned by Mead's parents. This related party transaction is not disclosed in TWD's notes to its 20X1 financial statements. The audit risk would:





 
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