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Author Question: The five steps in applying materiality are listed below in random order.1.Estimate the combined ... (Read 67 times)

bubba123

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on: Aug 21, 2022
The five steps in applying materiality are listed below in random order.
1.Estimate the combined misstatement.
2.Estimate the total misstatement in the segment.
3.Set materiality for the financial statements as a whole.
4.Determine performance materiality.
5.Compare combined estimate with preliminary judgment about materiality.
The first three steps in correct sequence would be
◦ 1, 2, 5
◦ 3, 4, 2
◦ 2, 1, 5
◦ 3, 2, 4
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Marked as best answer by bubba123 on Aug 21, 2022

Preeti

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Reply #1 on: Aug 21, 2022
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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bubba123

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Reply 2 on: Aug 21, 2022
Excellent

billybob123

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Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

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