Question
Assume materiality for the financial statements as a whole is $100,000, and performance materiality for accounts receivable is set at $40,000. If the auditor finds
Assume materiality for the financial statements as a whole is $100,000, and performance materiality for accounts receivable is set at $40,000. If the auditor finds one receivable that is overstated by $55,000. how should the auditor manage this situation?
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Cornerstones of Cost Management
Authors: Don R. Hansen, Maryanne M. Mowen
4th edition
1305970667, 978-1337514842, 1337514845, 978-1305970663
