A. Identify deficiencies in the evidence gathered by the auditor? B. Discuss the steps involved...
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Accounting
A. Identify deficiencies in the evidence gathered by the auditor?
B. Discuss the steps involved in setting the preliminary judgment about materiality. Class, the concept of materiality is important in the context of auditing. Materiality is a function of the time, the situation, and the people involved. What is material from the point of view of a bank that lends money to the firm?
C. What is material from the perspective of shareholders?
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