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You are the auditor of ZZZ Ltd. Likely misstatements amounted to $100,000. Planning materiality was set at $120,000. Misstatement arose due to management's refusal to
You are the auditor of ZZZ Ltd. Likely misstatements amounted to $100,000. Planning materiality was set at $120,000. Misstatement arose due to management's refusal to allow the auditor to count the inventory at a plant in South America. What would be an appropriate range for performance materiality. Question 4 options: $30,000 - $50,000 $60,000 - $90,000 $100,000 - $120,000 > $120,000
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Managerial Accounting for Managers
Authors: Eric Noreen, Peter Brewer, Ray Garrison
4th edition
1259578542, 978-1259578540
