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5. How should auditors use the concept of materiality? A) As a guide to assessing inherent risk B) As a guide in assessing control risk.
5. How should auditors use the concept of materiality?
A) As a guide to assessing inherent risk
B) As a guide in assessing control risk.
C) As a guide in deciding to report a deficiency to the audit committee.
D) As a guide in planning the audit program.
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