Accounting 403 Auditing 1, audit risk, accounting homework help
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Description
Minimizing Audit Risk”According to the text, auditors have to make judgments concerning
materiality on every audit. Since the auditing standards give no formal
guidance for how to determine materiality, auditors must rely on their
own experience. Determine at least three (3) qualitative factors that
affect the auditor’s judgment. Provide a rationale for your response.
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