Identify four major classes of financial statement users. For each group identified, indicate (1) how differences between
Question:
Identify four major classes of financial statement users. For each group identified, indicate
(1) how differences between the groups might affect materiality,
(2) how those differences might affect the importance of the presentation of individual items included in financial statements.
How does the auditor reconcile potential differences between groups in determining planning materiality for an audit engagement?
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Related Book For
Auditing Concepts For A Changing Environment With IDEA Software
ISBN: 9780324180237
4th Edition
Authors: Larry E. Rittenberg, Bradley J. Schwieger
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