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Mostafa91 Mostafa91
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A year ago
When CPAs do audits for specified elements, accounts, or items,

▸ materiality is defined in terms of the overall financial statements.

▸ materiality is defined in terms of the elements, accounts, or items being audited.

▸ auditors do not need to extend their audit efforts to include other elements, accounts, or items that are interrelated with those being audited.

▸ the authority for auditing specified elements, accounts, or items is in the review and compilation standards.
Textbook 
Auditing and Assurance Services

Auditing and Assurance Services


Edition: 17th
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enzeeenzee
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A year ago
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Mostafa91 Author
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A year ago
Thanks
my2redeyes
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Yesterday
Just got PERFECT on my quiz
jmendoza
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2 hours ago
Good timing, thanks!
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