Question: Define what is meant by the phrase planning materiality threshold? What factors should be considered in establishing such thresholds? Are there any conditions under which

Define what is meant by the phrase “planning materiality threshold”? What factors should be considered in establishing such thresholds? Are there any conditions under which it is appropriate for auditors to change a planning materiality threshold after the given audit has begun?

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PCAOB Auditing Standard No 11 Consideration of Materiality in Planning and Performing an Audit is the authoritative standard in this context for audit... View full answer

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