Which of the following is not a benefit claimed for the practice of determining materiality in the
Question:
Which of the following is not a benefit claimed for the practice of determining materiality in the initial planning stage of an audit?
a. Being able to fine- tune the audit work for effectiveness and efficiency.
b. Avoiding the problem of doing more work than necessary (overauditing).
c. Being able to decide early what type of audit opinion to issue.
d. Avoiding the problem of doing too little work (underauditing).
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a Incorrect Materiality determination does help to con...View the full answer
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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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