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describe materiality and how an auditor asseses and identifies materiality for an operational audit, compliance audit...

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Accounting

describe materiality and how an auditor asseses and identifiesmateriality for an operational audit, compliance audit andfinancial statement audit?

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Solution Describe materiality and how an auditor asseses and identifies materiality for an operational audit compliance audit and financial statement audit Materiality quantity and quality Both the amount quantity and nature quality of misstatements are relevant to deciding what is material The objective of a financial statement audit is to enable the auditor to express an opinion as to whether the financial statements are prepared in all material respects in accordance    See Answer
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describe materiality and how an auditor asseses and identifiesmateriality for an operational audit, compliance audit andfinancial statement audit?

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