Assume that Rosanne Madden, CPA, is using 5% of net income before taxes, current assets, or current

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Assume that Rosanne Madden, CPA, is using 5% of net income before taxes, current assets, or current liabilities as her major guidelines for evaluating materiality.
What qualitative factors should she also consider in deciding whether misstatements may be material?

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Auditing and Assurance services an integrated approach

ISBN: 978-0132575959

14th Edition

Authors: Alvin a. arens, Randal j. elder, Mark s. Beasley

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