Causes of an increased or decreased planned detection risk, Auditing

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Causes of an increased or decreased planned detection risk

Response to the following questions:

1. Explain why materiality is important but difficult to apply in practice.

2. What is meant by setting a preliminary judgment about materiality? Identify the most important factors affecting the preliminary judgment.

3. Explain the causes of an increased or decreased planned detection risk.

If possible, please give examples to better understand your answers.

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Auditing: Causes of an increased or decreased planned detection risk

Reference No:- TGS02111922

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Auditing: Causes of an increased or decreased planned detection risk

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