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Author Question: Audit standards require the auditor to consider materiality early in the audit. Which statement(s) ... (Read 67 times)

dabomba718

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on: Aug 21, 2022

Question 1

Amounts involving fraud are usually considered ________ important than unintentional errors of equal dollar amounts.
◦ less
◦ no less
◦ no more
◦ more

Question 2

Audit standards require the auditor to consider materiality early in the audit. Which statement(s) regarding preliminary materiality is (are) true?
I.Preliminary materiality may change during the engagement.
II.Preliminary materiality is the maximum amount by which the auditor believes the financials could be misstated and still not affect the decisions of reasonable users.
◦ I only
◦ II only
◦ both I and II
◦ neither I nor II
Auditing and Assurance Services ¦ Arens, Elder, Beasley, Hogan ¦ 17th Edition
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Marked as best answer by dabomba718 on Aug 21, 2022

lhn821

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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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dabomba718

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Reply 2 on: Aug 21, 2022
Excellent

peter

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

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