Question: Materiality Assessment 1. Qualitative Factors a) Identify the specific users of the financial statements for this engagement. b) Identify what expectations the users may have

Materiality Assessment 1. Qualitative Factors a) Identify the specific users of

Materiality Assessment 1. Qualitative Factors a) Identify the specific users of the financial statements for this engagement. b) Identify what expectations the users may have for the financial statements for this engagement. c) Identify any possible situations or misstatements that would affect a user now or at some future point, regardless of the materiality level. (e.g. Consider environmental matters, policies, statues, safety issues, etc.)

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