Why does the combined total of individual account torelable

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Reference no: EM13135666

review exhibits 1 afor planning purposesnd 2; audit memos G3 and G4; and audit schedules G5, G6-1 and G-2. Based on your review, answer each of the following questions

a. why are different materiality based considered when determining planning materiality ?

b. why are different materiality thresholds relevant for diffrerent audit engagements

c. why is the materiality base that result in the smallest threshold generally used for planning purposes.

d. why is the risk of management fraud considered when determining tolerable misstatement

e. why does the auditor not use the same torelable misstatement amount or percentage of account balance for all financial statement accounts

f. why does the combined total of individual account torelable misstatement commonly exceed the estimate of planning materiality

g. why might certain trial balance amounts be projected when considering planning materiality

Reference no: EM13135666

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