Question: What do the auditing standards mean when they refer to the nature, timing, and extent of audit tests? How does nature, timing, and extent relate

What do the auditing standards mean when they refer to the nature, timing, and extent of audit tests? How does nature, timing, and extent relate to materiality, management’s assertions and controls?

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Nature generally refers to what type of test is performed and the procedure used Timing refers ... View full answer

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