Which of the following statements would best describe the concept of materiality? (a) Materiality is a matter

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Which of the following statements would best describe the concept of materiality?

(a) Materiality is a matter for the professional judgement of the auditors.

(b) Materiality should be a matter of concern only when planning the audit.

(c) Materiality relates to the amount of one item compared with others in the financial statements.

(d) Materiality should be determined by reference to the professional standards only.

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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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Which of the following statements would best describe the concept of materiality? (a) Materiality is a matter

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Modern Auditing

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