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According to ASA 320, at What Point Should Materiality Be

Question 9

Multiple Choice

According to ASA 320, at what point should materiality be considered?


A) when determining the nature, timing, and extent of audit procedures
B) when evaluating the effect of uncorrected misstatements, if any, on the financial report and in forming the opinion in the auditor's report
C) at all stages of audit planning
D) both A and B

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