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    Business
  3. Study Set
    Auditing Assurance Services
  4. Exam
    Exam7: Materiality and risk
  5. Question
    The Definition of Materiality Indicates That Both the Users and the Auditors
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The Definition of Materiality Indicates That Both the Users and the Auditors

Question 84

Question 84

True/False

The definition of materiality indicates that both the users and the auditors of financial statements are
assumed to have knowledge of the likely preparers of the statements.

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