Auditing: A Risk Based-Approach (MindTap Course List)
Auditing: A Risk Based-Approach (MindTap Course List)
11th Edition
ISBN: 9781337619455
Author: Karla M Johnstone, Audrey A. Gramling, Larry E. Rittenberg
Publisher: Cengage Learning
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Chapter 7, Problem 2RQSC
To determine

Introduction: Two different approaches of Materiality and the advantages or disadvantages of both approaches.

To explain: Usage of different approaches of materiality, one is methodical and other one is based on personal judgment and the advantages and disadvantages of both approaches.

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