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katiemarie katiemarie
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A year ago
When allocating materiality, most practitioners choose to allocate to

▸ the income statement accounts because they are more important.

▸ the balance sheet accounts because most audits focus on the balance sheet.

▸ both balance sheet and income statement accounts because there could be errors on either.

▸ all of the financial statements because it is required by GAAS.
Textbook 
Auditing and Assurance Services

Auditing and Assurance Services


Edition: 17th
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letssdoothissletssdoothiss
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A year ago
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