Question: QUESTION 3 The auditor should consider materiality and its relationship with audit risk when conducting an audit. Discuss the concept of Materiality by first explaining

QUESTION 3 The auditor should consider materiality and its relationship with audit risk when conducting an audit. Discuss the concept of Materiality by first explaining the term and how it is used in the Auditing process? 3.1 (10 marks) 3.2 Discuss the relationship between Materiality and Audit Risk. (10 marks

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