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1. Define the term Materiality. 2. The concept of Materiality is considered to have a Qualitative dimension. Explain what is meant by this term, give

1. Define the term Materiality.

2. The concept of Materiality is considered to have a Qualitative dimension. Explain what is meant by this term, give an example.

3. As the amount considered material goes down, the amount of audit work (i.e. evidence) done on an audit: A. Stay the same. B. Goes down. ANSWER ____ C. Goes up.

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