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Does the concept of materiality is incompatible discuss

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Reference no: EM132458782

Question  I: All companies are vulnerable to fraud, but small businesses are particularly vulnerable. Why do you think this may be the case? What signs possible fraud may be more pronounced in small businesses when compared to larger ones?

Question II: Does the concept of materiality is incompatible with ethical behavior? Consider in you answer how materiality judgments affect risk assessment in an audit of financial statements.

Reference no: EM132458782

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