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How an auditor preliminary assessment of materiality affects

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Reference no: EM132779954

Problem 1: Why do auditors identify accounts and related assertions at risk of material misstatement? What are the implications of identifying an account as having a significant risk?

Problem 2: Explain how an auditor's preliminary assessment of materiality affects audit planning.

Problem 3: Explain how the choice of audit strategy affects the amount of substantive and control testing that the auditor does.

Reference no: EM132779954

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