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What types of performance measurements might affect the risk of material misstatement?

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This problem requires you to access PCAOB Auditing Standard AS 2110, Identifying and Assessing Risks of Material Misstatements (pcaobus.org). Use this standard to answer each of the questions below. For each answer, document the paragraph(s) in AS 2110 supporting your answer. a. What types of information does AS 2110 suggest the auditor should consider when […]

Why is it important for the auditor to consider the risk of material misstatement at the overall financial statement level?

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Chapter 8 introduced the eight parts of the planning phase of an audit. Which parts involve the evaluation of risk? 9-2 (OBJECTIVE 9-1) Why is it important for the auditor to consider the risk of material misstatement at the overall financial statement level? 9-3 (OBJECTIVE 9-1) Provide two examples of factors that might increase the […]

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