The determination of materiality is based on
A) generally accepted auditing standards
B) the likelihood of material misstatements being present
C) the professional judgment of the auditor
D) the understanding of the entity's internal controls
Correct Answer:
Verified
Q46: How does the auditor gain an understanding
Q47: In planning the audit,the auditor makes decisions
Q48: In planning the audit,the auditor makes decisions
Q49: The auditing standards specify that misstatements are
Q50: Which of the following is not a
Q52: After the auditor determines materiality for the
Q53: Once the auditor calculates materiality,he uses the
Q54: How does the auditor gain an understanding
Q55: How does the auditor gain an understanding
Q56: In the planning process,the auditor assesses the
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