[MidtownCPA]

I am using Becker and bought the ninja notes to help. I am still having a problem with assessing materiality. I understand the basic concepts of control risk, inherent risk, and detection risk. But when in a question I do not seem to understand it. I am going through a question now and it asks “if a manager of a company believes his company is going to do well for the next 10 years and business will increase every year, what happens to the risks?” Can someone please explain how they understand these risk and how they would go about answering each question of this sort.

AUD - 64,69,71, 72
BEC - 69,75
REG - 47,75
FAR - August 2013

[Texas CPA]

If you are taking the live class, discuss with your instructor. If not, call Becker.

I have Auditing 2013 A&B. If you have a specific question number, I can try to look it up.

Reg - Passed 82 Nov 2012 - Becker
Aud - Passed 86 May 2013 - Becker
BEC - Passed 88 Aug 2013 - Becker
FAR - Passed 88 Nov 2013 - Becker

https://www.becker.com/cpa-review

Texas CPA

[Author]

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