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10. If an auditor establishes a relatively high level for materiality,
then the auditor will:
11. The scope paragraph of the standard unqualified auditor's report
states that "… the standards require that we plan and perform the
audit to obtain ________ assurance about whether the financial
statements are free of material misstatement." What type of assurance
is given?
12. When allocating performance materiality:
13. ________ misstatements are those where the auditor can
determine the amount of the misstatement in the account.
14. Auditing standards ________ that the basis used to determine the
preliminary judgment about materiality be documented in the audit
files.
15. Auditors are responsible for determining whether financial
statements are materially misstated, so upon discovering a material
misstatement they must bring it to the attention of:
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ACC 403 Quiz 5 Chapters 10-11
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