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Post withdrawal of AASB 1031 , would this withdrawal of AASB1031 Materiality Standards: harmonise/bring uniformity to auditors' assessment of materiality misstatements or would this bring

Postwithdrawal ofAASB 1031, would this withdrawal ofAASB1031 MaterialityStandards:

  1. harmonise/bring uniformity to auditors' assessment of materiality misstatements or would this
  2. bring disparity to auditors' assessment of misstatements?Why so?
  3. What other influence, if any,this would bring to the auditors' judgment on misstatementsand
  4. what impacts or implications this would have on the usefulness of financial reports? Discuss your answer and rationale.

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