Question: Locate and read the article listed below and answer the following questions. Acito, A. A., J. J. Burks, and W. B. Johnson. 2009. Materiality Decisions

Locate and read the article listed below and answer the following questions.

Acito, A. A., J. J. Burks, and W. B. Johnson. 2009. Materiality Decisions and the Correction of Accounting Errors. The Accounting Review 84 (3): 659-688.

a. What is the issue being addressed in the paper?

b. What are the findings of the paper?

c. Why is this paper important to auditors, and what are the implications of this paper for the auditing profession?

d. Describe the research methodology used as a basis for the conclusions.

e. Describe any limitations of the research.

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a From late 2004 to mid2006 more than 250 US firms uncovered and corrected accounting errors related to operating leases The underlying issue was that the accounting method used was in violation of ge... View full answer

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