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Review Garcia and Foster's calculations of materiality thresholds for the Audit (workpaper B.2.1. ) Determine if the auditors correctly applied the materiality concept in their

Review Garcia and Foster's calculations of materiality thresholds for the Audit (workpaper B.2.1. ) Determine if the auditors correctly applied the materiality concept in their risk assessment procedures. Describe any problems you find and provide suggestions for improvement. This question relates to Step 2 of the Garcia and Foster Audit Plan.

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