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Answer the following questions for the attached.
-What events or agreements in 2015 indicated that audits between studios and the Chinese movie market would become more important?
-What was the revenue-sharing percentage before the renegotiation of the 2015 WTO agreement?
-According to the textbook, revenue recognition is more problematic concerning audit inherent risks in some industries, as compared to others. Would this be the case in the movie industry in China? Why?
-Revenue recognition in Chinese movie theaters is also problematic concerning audit control risks. Why?
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