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Author Question: Income before taxes is often used by the auditor as a benchmark for materiality. Once income before ... (Read 33 times)

kmoyer2

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on: Aug 21, 2022

Question 1

Which of the following is part of planning?
◦ Set materiality for the financial statements as a whole.
◦ Estimate total misstatement in the segment.
◦ Estimate the combined misstatement.
◦ Compare the combined estimated with preliminary judgment.

Question 2

Income before taxes is often used by the auditor as a benchmark for materiality. Once income before taxes is established as a benchmark for materiality for a particular audit client, the auditor still must decide whether any misstatements could affect other benchmarks such a current assets or current liabilities, for example.
◦ true
◦ false
Auditing and Assurance Services ¦ Arens, Elder, Beasley, Hogan ¦ 17th Edition
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Marked as best answer by kmoyer2 on Aug 21, 2022

hariet5

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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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kmoyer2

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

Laurenleakan

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Reply 3 on: Yesterday
Excellent

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