Top Posters
Since Sunday
18
18
C
11
o
11
b
10
s
10
y
10
E
10
10
k
9
c
9
m
9
New Topic  
zitze zitze
wrote...
Posts: 32
Rep: 0 0
A week ago
Match the terms below (a-h) with the definitions provided below (1-8).

a.preliminary judgment about materiality
b.inherent risk
c.planned detection risk
d.audit assurance
e.acceptable audit risk
f.performance materiality level
g.control risk
h.materiality
 
________ 1. a measure of the risk that audit evidence for a segment will fail to detect misstatements exceeding the performance materiality amount, should such misstatements exist

________ 2. a measure of the auditor's assessment of the likelihood that misstatements exceeding a performance materiality in a segment will not be prevented or detected by the client's internal controls

________ 3. a measure of how much risk the auditor is willing to take that the financial statements may be materially misstated after the audit is completed and an unqualified audit opinion has been issued

________ 4. the materiality allocated to any given account balance

________ 5. the maximum amount by which the auditor believes that the statements could be misstated and still not affect the decisions of reasonable users

________ 6. This term is synonymous with acceptable audit risk.

________ 7. the magnitude of an omission or misstatement of accounting information that makes it probable that the judgment of a reasonable person would have been changed

________ 8. a measure of the auditor's assessment of the likelihood that there are material misstatements before considering the effectiveness of internal control
Textbook 

Sociology: Compass for a New Social World


Edition: 7th
Authors:
Read 7 times
1 Reply
Replies
Answer verified by a subject expert
astroasisastroasis
wrote...
Posts: 28
Rep: 0 0
A week ago
Sign in or Sign up in seconds to unlock everything for free
More questions for this book are available here
1. c, 2. g, 3. e, 4. f, 5. a, 6. d, 7.h, 8. b

1

Related Topics

wrote...
Posts: 32
Credits: 20

A week ago
This helped my grade so much Perfect
wrote...
Posts: 94
Credits: 125

Yesterday
Good timing, thanks!
wrote...
Posts: 111
Credits: 175

2 hours ago
You make an excellent tutor!
New Topic      
Explore
Post your homework questions and get free online help from our incredible volunteers
  86 People Browsing
 105 Signed Up Today
Related Images
 178
 179
 125
Your Opinion
What's your favorite coffee beverage?
Votes: 222