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Chapter: 3 / Q: 3.11
List and describe the three major steps in applying materiality to an audit
Chapter: 2 / Q: 2.8
Briefly discuss the key events that led up to the Sarbanes-Oxley Act of 2002 and the creation of PCAOB
Chapter: 2 / Q: 2.9
Which of the following best places the events of the last decade in proper sequence?
Chapter: 3 / Q: 3.12
While net income before taxes is frequently used for calculating overall materiality, discuss circumstances when total assets or revenues might be better bases for calculating overall materiality
Chapter: 2 / Q: 2.10
What kind of organization is the PCAOB, why was it formed, and what does it do?
Chapter: 3 / Q: 3.13
Give three examples of qualitative factors that might affect the auditor\'s choice of the percentage to apply to the benchmark used to establish overall materiality
Chapter: 2 / Q: 2.11
Discuss how the events that have so dramatically affected auditors and the public accounting profession since the Enron scandal may in some sense be \"healthy\" for the profession
Chapter: 3 / Q: 3.14
List four factors that would cause the auditor to use a lower percentage for establishing tolerable misstatement
Chapter: 2 / Q: 2.12
Compare and contrast management\'s responsibility for the entity\'s financial statements with the auditor\'s responsibilities for detecting errors and fraud in the financial statements
Chapter: 2 / Q: 2.13
Briefly discuss each of the components of the high-level model of business presented in the chapter (i.e. objectives, strategies, processes, etc.)
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