What is an audit adjustment, and why is the resolution of such adjustments important to audit quality?

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What is an audit adjustment, and why is the resolution of such adjustments important to audit quality? What role should professional skepticism play when management disagrees with the auditor about making an audit adjustment to correct a misstatement? What types of management bias might be revealed in this type of setting?

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Auditing a risk based approach to conducting a quality audit

ISBN: 978-1133939153

9th edition

Authors: Karla Johnstone, Audrey Gramling, Larry Rittenberg

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