What would not be an example of a qualitative factor that might affect your assessment of materiality?

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(a) A change in accounting method that is expected to materially affect the results of subsequent financial years.

(b) Transactions between the entity and a related party.

(c) Expansion of the entity’s operations into a new segment that affects the assessment of risks and opportunities facing the entity.

(d) The discovery that a substantial sale has been recorded in the wrong financial period.

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Modern Auditing

ISBN: 9780471230113

1st Edition

Authors: Graham Cosserat

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Question Posted: May 05, 2024 05:01 AM

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What would not be an example of a qualitative factor that might affect your assessment of materiality?

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Modern Auditing

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