When CPAs do audits for specified elements, accounts, or items, materiality is defined in...
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When CPAs do audits for specified elements, accounts, or items, materiality is defined in terms of the overall financial statements. the authority for auditing specified elements, accounts, or items is in the review and compilation standards. 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.
When CPAs do audits for specified elements, accounts, or items,
materiality is defined in terms of the overall financial statements.
the authority for auditing specified elements, accounts, or items is in the review and compilation standards.
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.
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