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    Auditing and Assurance Services Study Set 2
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    Exam 8: Audit Planning and Materiality
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    Both Overstatements and Understatements Must Be Considered When Allocating Materiality
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Both Overstatements and Understatements Must Be Considered When Allocating Materiality

Question 135

Question 135

True/False

Both overstatements and understatements must be considered when allocating materiality to balance sheet accounts.

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