Question: A misstatement in the financial statements would be considered as material if: it is greater than $ 5 0 0 , 0 0 0 .

A misstatement in the financial statements would be considered as material if:
it is greater than $500,000.
it is greater than 1% of the client's total assets.
it will change the decision making of reasonable users of the financial statements.
the client made the same misstatement in the financial statements of last year.
A misstatement in the financial statements would be considered as material

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