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  3. Study Set
    Auditing Assurance Services
  4. Exam
    Exam7: Materiality and risk
  5. Question
    Discuss Each of the Five Steps in Applying Materiality in an Audit
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Discuss Each of the Five Steps in Applying Materiality in an Audit

Question 12

Question 12

Essay

Discuss each of the five steps in applying materiality in an audit, and identify the audit phase(s)in which each step is performed.

Correct Answer:

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.Step 1.Set preliminary judgement of mat...

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