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Author Question: Which of the following is a correct statement regarding materiality? (Read 54 times)

Aimless0988

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on: Aug 21, 2022
Which of the following is a correct statement regarding materiality?
◦ There are well-defined guidelines that enable auditors to determine if something is material.
◦ Misstatements must be compared with some benchmark before a decision can be made about the materiality level of the failure of a company to follow GAAP.
◦ Pervasiveness is not considered when comparing potential misstatements with a base or benchmark.
◦ To evaluate overall materiality, the auditor does not combine all unadjusted misstatements.
Auditing and Assurance Services ¦ Arens, Elder, Beasley, Hogan ¦ 17th Edition
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Marked as best answer by Aimless0988 on Aug 21, 2022

ladan86

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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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Aimless0988

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Reply 2 on: Aug 21, 2022
YES! Correct, THANKS for helping me on my review

amynguyen1221

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Reply 3 on: Yesterday
Great answer, keep it coming :)

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