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Heybonita Heybonita
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A year ago
The highest level of materiality exists when

▸ users are likely to make incorrect decisions if they rely on the overall financial statements.

▸ there has been a departure from GAAP.

▸ amounts are material but do not overshadow the financial statements as a whole.

▸ a scope limitation has been imposed.
Textbook 
Auditing and Assurance Services

Auditing and Assurance Services


Edition: 17th
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moqamoqamoqamoqa
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A year ago
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