Understanding of What Materiality and Evidence are and Material Misstatement

Purpose of Assignment

This assignment is critical for students to gain a fundamental understanding of what materiality and evidence are, how they relate to each other, how the auditor assesses the risk of material misstatement, and to analyze financial needs to make operational decisions.

Complete the table in the Week 2 Worksheet in no more than 700 words.

Fill in each box.

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

Include citations.

The company chosen is Sears and I need examples.