Author Question: Audit standards require the auditor to consider materiality early in the audit. Which statement(s) ... (Read 90 times)

dabomba718 · **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 ¦ 17^th Edition

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Marked as best answer by dabomba718 on Aug 21, 2022

lhn821

Full Member
Posts: 168

Reply #1 on: Aug 21, 2022

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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

Member
Posts: 158

Reply 2 on: Aug 21, 2022

YES! Correct, THANKS for helping me on my review

steff9894

Member
Posts: 337

Reply 3 on: Yesterday

Thanks for the timely response, appreciate it

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