Your preliminary judgment of materiality was based on net income. Why is it necessary to compare unadjusted
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Your preliminary judgment of materiality was based on net income. Why is it necessary to compare unadjusted misstatements to other bases of materiality? What should the auditor do if the unadjusted misstatements exceed one or more materiality thresholds?
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Materiality is a fundamental concept in auditing that helps auditors determine the significance of misstatements in financial statements While net inc...View the full answer
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Related Book For 
Integrated Audit Practice Case
ISBN: 9780912503356
5th Edition
Authors: David S. Kerr, Randal J. Elder, Alvin A. Arens
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