In setting the level of materiality during the planning phase of a financial statement audit, the auditor's responsibility regarding material misstatements due to fraud is:
- Less than the auditor's responsibility regarding material misstatements caused by error.
- Greater than the auditor's responsibility regarding material misstatements cause by error.
- The same as the auditor's responsibility regarding material misstatements caused by error.
- Either less than or greater than the auditor's responsibility regarding material misstatements casue by error, depending on the circumstances.

Question

06-08-2024
Business

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In setting the level of materiality during the planning phase of a financial statement audit, the auditor's responsibility regarding material misstatements due to fraud is:
- Less than the auditor's responsibility regarding material misstatements caused by error.
- Greater than the auditor's responsibility regarding material misstatements cause by error.
- The same as the auditor's responsibility regarding material misstatements caused by error.
- Either less than or greater than the auditor's responsibility regarding material misstatements casue by error, depending on the circumstances.

Sagot :

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