Auditing and Assurance Services (16th Edition)
Auditing and Assurance Services (16th Edition)
16th Edition
ISBN: 9780134065823
Author: Alvin A. Arens, Randal J. Elder, Mark S. Beasley, Chris E. Hogan
Publisher: PEARSON
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Chapter 9, Problem 24RQ
To determine

Explain the manner in which the audit risk and materiality are related and explain the reason why audit risk and materiality are needed to be considered in audit planning.

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