a. Identify two factors the auditor should consider in allocating financial statement materiality to accounts. b. If
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a. Identify two factors the auditor should consider in allocating financial statement materiality to accounts.
b. If the amount of error found in an account is less than its materiality allocation, what effect might this have on the audit of other accounts?
c. How are materiality and audit evidence related? Explain.
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a Two factors that the auditor should consider in allocating financial statement materiality to accounts are 1 Account size and significance The auditor should consider the size and significance of ea...View the full answer
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