The auditors assessed risk of material misstatement at 0.50 and said they wanted to achieve a 0.05
Question:
a. 0.20.
b. 0.10.
c. 0.75.
d. 0.00.
Financial Statements
Financial statements are the standardized formats to present the financial information related to a business or an organization for its users. Financial statements contain the historical information as well as current period’s financial...
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Related Book For 
Auditing and Assurance Services
ISBN: 978-0077862343
6th edition
Authors: Timothy Louwers, Robert Ramsay, David Sinason, Jerry Straws
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