If the auditor finds one receivable that is overstated by
1.Assume materiality for the financial statements as a whole is $100,000 and performance materiality for accounts receivable is set at $40,000. If the auditor finds one receivable that is overstated by $55,000, what should the auditor do?
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1assume materiality for the financial statements as a whole is 100000 and performance materiality for accounts
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