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    Auditing Assurance Services
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    Exam7: Materiality and risk
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    Benchmarks Are Needed for Evaluating Materiality
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Benchmarks Are Needed for Evaluating Materiality

Question 14

Question 14

Multiple Choice

Benchmarks are needed for evaluating materiality.If you used current liabilities or current assets, what minimum percentage would you use for planning materiality?


A) 5%
B) 10%
C) 1%
D) none of the above

Correct Answer:

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