The auditor's preliminary judgment about materiality is the maximum amount by which the auditor believes the financial statements could be misstated and still not affect the decisions of reasonable users.
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Q125: Amounts involving fraud are usually considered _
Q126: Determining materiality requires professional judgment.
Q127: Amounts involving fraud are not usually considered
Q128: Which of the following is the primary
Q129: Lewis Corporation has a few large accounts
Q131: When determining materiality,
A) the preliminary judgment about
Q132: When setting a preliminary judgment about materiality,
A)
Q133: Qualitative factors can affect an auditor's assessment
Q134: CPA firms can establish policy guidelines to
Q135: Preliminary judgments about materiality are often changed
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