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In the planning phase of the audit process, the auditor determines the materiality. True False Auditors are responsible for preparing and issuing audit report, which
In the planning phase of the audit process, the auditor determines the materiality. True False Auditors are responsible for preparing and issuing audit report, which accompany financial statements. * True False As desired level of assurance increases the sample size decreases. * True False Operational audit is related to the determination whether an entity is following specific procedures or rules. * True False Principal hires auditor to report on the fairness and accountability of financial reports. * True False
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