Relationship between risk and materiality

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Reference no: EM1354961

To assess your company's liability for the external audit, you must discuss with your team the following topics:

What is the relationship of risk and materiality?

How are risk and materiality related?

How are risk and materiality integrated into the audit process?

What is an example of a statement that includes both risk tolerance and materiality?

Reference no: EM1354961

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