First national bank audit

Assignment Help Accounting Basics

Reference no: EM13972896

The First National Bank has a few large customer savings accounts that involve more than a one million dollars each whereas The Fifth-Third National Bank has many small customer savings accounts that total one 2 million dollars. The risk of a substantial misstatement in any one savings account is more significant for The First National Bank audit because of the concept of:

A) materiality.

B) audit risk.

C) reasonable assurance.

D) comparative analysis.

Reference no: EM13972896

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