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Other Fields Homework Help Accounting Topic started by: cjr4808 on Jul 18, 2022



Title: When a client fails to follow GAAP, the audit report can be unmodified, qualified, or adverse ...
Post by: cjr4808 on Jul 18, 2022
When a client fails to follow GAAP, the audit report can be unmodified, qualified, or adverse depending on the materiality. What factors affect materiality that an auditor should consider?

▸ the dollar amount in comparison to a base

▸ if the misstatement can be measured

▸ the nature of the item

▸ All of these are factors an auditor should consider regarding materiality.


Title: When a client fails to follow GAAP, the audit report can be unmodified, qualified, or adverse ...
Post by: kaitmaw on Jul 18, 2022
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