Preliminary judgments about materiality are set for planning purposes and may be changed as the audit progresses.
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Q12: Material misstatement is not possible for individual
Q13: In developing analytical procedures, the reliability of
Q14: Inquiries of management are usually sufficient to
Q15: The primary reason for performing analytic procedures
Q16: In audit planning, the auditor should recognize
Q18: Analytical models that compare financial data with
Q19: The auditor's preliminary judgment about materiality cannot
Q20: In order to remain unbiased, it is
Q21: "Tolerable misstatement" is the termed used to
Q22: When setting the level of materiality on
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