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What is not correct about materiality?

What is not correct about materiality?<br/>

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Asked by Dodonutt, Last updated: Dec 19, 2024

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dodonutt

dodonutt

dodonutt
Dodonutt

Answered May 20, 2019

An auditor considers materiality for planning purposes in terms of the largest aggregate level of misstatements that could be material to any one of the financial statements.

LO #9-1 9-2, 9-5, 9-6, 9-8
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