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Question 41 In performance of an audit under generally accepted auditing standards the auditor MUST assess materiality and audit risk. True False 2 points Question

Question 41

  1. In performance of an audit under generally accepted auditing standards the auditor MUST assess materiality and audit risk.

True

False

2 points

Question 42

  1. The nature, extent and timing of these tests are based on the auditor

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