Define the term "materiality" in the context of audit reporting. What factors will influence the auditor's assessment of materiality?
Define the term "materiality" in the context of audit reporting. What factors will influence the auditor's assessment of materiality?
Auditing: A Risk Based-Approach to Conducting a Quality Audit
10th Edition
ISBN:9781305080577
Author:Karla M Johnstone, Audrey A. Gramling, Larry E. Rittenberg
Publisher:Karla M Johnstone, Audrey A. Gramling, Larry E. Rittenberg
Chapter16: Advanced Topics Concerning Complex Auditing Judgments
Section: Chapter Questions
Problem 60RSCQ
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Define the term "materiality" in the context of audit reporting. What factors will influence the auditor's assessment of materiality?
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