What does it mean to use a benchmark to set financial statement materiality? What benchmarks are used?

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What does it mean to use a benchmark to set financial statement materiality? What benchmarks are used? How might the benchmark differ based on the type of company being audited?

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Auditing and Assurance Services Understanding the Integrated Audit

ISBN: 978-0471726340

1st edition

Authors: Karen L. Hooks

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Question Posted: Jan 21, 2015 10:31 AM

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What does it mean to use a benchmark to set financial statement materiality? What benchmarks are used?

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A benchmark is a standard measurement sometimes called a rule of thumb Examples of benc...View the full answer

Auditing and Assurance Services Understanding the Integrated Audit

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