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Cadish Cadish
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6 years ago
The dollar amount of some misstatements cannot be accurately measured. If, for example, the client was unwilling to disclose an existing lawsuit, the materiality question the auditor must evaluate in such a situation is
A) what effect will it have on net income.
B) how will it affect management's future decisions.
C) does it increase the auditor's exposure to lawsuits.
D) what effect will it have on statement users.
Textbook 
Auditing: The Art and Science of Assurance Engagements, Canadian Edition

Auditing: The Art and Science of Assurance Engagements, Canadian Edition


Edition: 12th
Authors:
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Auditing: The Art and Science of Assurance Engagements, Twelfth Canadian Edition, 12/E (Arens, Elder, Beasley, Splettstoesser)
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victroxvictrox
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6 years ago
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Cadish Author
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6 years ago
Smart ... Thanks!
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Yesterday
Thank you, thank you, thank you!
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2 hours ago
I appreciate what you did here, answered it right Smiling Face with Open Mouth
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