Explain briefly what is meant by 'the auditor's desired level of audit risk' and how it relates

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Explain briefly what is meant by 'the auditor's desired level of audit risk' and how it relates to the auditor's desired level of assurance.

Explain briefly how setting materiality limits at different levels affects planned audit procedures.

Related Book For answer-question

Principles of Auditing and Other Assurance Services

ISBN: 978-0078025617

19th edition

Authors: Ray Whittington, Kurt Pany

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Posted Date: Aug 24, 2018 12:52 AM

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Explain briefly what is meant by 'the auditor's desired level of audit risk' and how it relates

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When the audit materiality is increased in amount th... View the full answer

Principles of Auditing and Other Assurance Services

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