Explain briefly the relationship between materiality limits, audit risk and audit planning.

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Principles Of External Auditing

ISBN: 9780470974452

4th Edition

Authors: Brenda Porter, Jon Simon, David Hatherly

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Question Posted: Jan 27, 2024 11:01 PM

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Explain briefly the relationship between materiality limits, audit risk and audit planning.

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Sure lets discuss this 1 Materiality Limits Materiality in auditing refers to the threshold or point above which missing or incorrect information in f...View the full answer

Principles Of External Auditing

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