Imagine that an auditor finds an error in the clients financial statements, and that correcting the error
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Imagine that an auditor finds an error in the client’s financial statements, and that correcting the error in the client’s financial records would result in EPS declining by one penny. Why might the auditor judge this one penny to be a material amount? Why might the auditor judge this one penny to be an immaterial amount?
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The auditor might judge the onepenny decrease in earnings as material if ...View the full answer
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Related Book For 
Auditing A Risk Based Approach
ISBN: 9780357721872
12th Edition
Authors: Karla M Johnstone-Zehms, Audrey A. Gramling, Larry E. Rittenberg
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