CAS 540, paragraph 13 (d) ( ii) A93A94, indicates that auditors can normally narrow a reasonable range

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CAS 540, paragraph 13 (d) ( ii) A93–A94, indicates that auditors can normally narrow a reasonable range until it is less than a materiality wide.

Describe under what conditions the reasonable range is not likely to be reduced to materiality.

Is this condition likely to be common?

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Auditing An International Approach

ISBN: 978-1259087462

7th edition

Authors: Wally J. Smieliauskas, Kathryn Bewley

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