Individual Assignment: Understanding of what materiality and evidence are and material misstatement.

Individual Assignment: Understanding of what materiality and evidence are and material misstatement.

Week 2 Individual Assignment

FIN/590 Version 3

1

Week 2

Individual Assignment: Understanding of what materiality and evidence are and material misstatement.

Complete the table below by filling in each box.

Conduct research, analyze, compare and contrast, the following topics.

Include citations.

Directions

Operational Audit Compliance Audit Financial Statement Audit
Describe materiality and how auditors assess and identify materiality. Provide examples from your selected publicly traded company.

   
Demonstrate how the auditor assesses the risk of material misstatement. Provide examples from your selected publicly traded company.      
Compare and contrast materiality and evidence, auditors assess and identify materiality both. Provide examples from your selected publicly traded company.      
Demonstrate testing methods and sampling.      
Analyze financial needs to make operational decisions.      
References:  

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