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Jgal Jgal
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2 years ago
When dealing with materiality,

▸ if the client refuses to correct a material misstatement, the auditor is required to adjust the financial statements.

▸ management is responsible for determining whether financial statements are materially misstated.

▸ materiality must be determined as a percentage of sales.

▸ the auditor must bring any material misstatements to the client's attention.
Textbook 
Auditing and Assurance Services

Auditing and Assurance Services


Edition: 17th
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toastercattoastercat
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Jgal Author
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2 years ago
This helped my grade so much Perfect
veronee_madison
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Yesterday
Thanks for your help!!
homework1
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2 hours ago
Smart ... Thanks!
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