AUDITING LL W/ CONNECT <C>
AUDITING LL W/ CONNECT <C>
11th Edition
ISBN: 9781307416268
Author: MESSIER
Publisher: MCGRAW-HILL HIGHER EDUCATION
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Chapter 3, Problem 3.14RQ
To determine

Introduction: Materiality is a concept used by the auditor which simply means any matter which can affect the decision of the auditor while forming opinion on the financial statements.

To explain: Three examples of qualitative factors that might affect the auditor’s choice of the percentage to apply to the benchmark used to establish overall materiality.

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