An auditor assesses the risk of a material misstatement because it: a. is relevant to the auditors

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An auditor assesses the risk of a material misstatement because it:

a. is relevant to the auditor’s understanding of the control environment.

b. affects the level of detection risk that the auditor may accept.

c. indicates to the auditor where inherent risk may be the greatest.

d. provides assurance that the auditor’s overall materiality levels are appropriate.

Related Book For answer-question

Fundamentals of Investments

ISBN: 978-0132926171

3rd edition

Authors: Gordon J. Alexander, William F. Sharpe, Jeffery V. Bailey

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Posted Date: Mar 28, 2022 10:35 AM

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An auditor assesses the risk of a material misstatement because it: a. is relevant to the auditors

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b affects the level of detection risk that the auditor may accept The audi... View the full answer

Fundamentals of Investments

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