When preparing financial statement, accountants or auditors will determine an amount which is not significant, and any error or omission of the transaction below that amount can be ignored when preparing financial statements. This refers to Cost constraint B Faithful representation C) Relevant D Materiality
When preparing financial statement, accountants or auditors will determine an amount which is not significant, and any error or omission of the transaction below that amount can be ignored when preparing financial statements. This refers to Cost constraint B Faithful representation C) Relevant D Materiality
Auditing: A Risk Based-Approach to Conducting a Quality Audit
10th Edition
ISBN:9781305080577
Author:Karla M Johnstone, Audrey A. Gramling, Larry E. Rittenberg
Publisher:Karla M Johnstone, Audrey A. Gramling, Larry E. Rittenberg
Chapter17: Other Services Provided By Audit Firms
Section: Chapter Questions
Problem 3TFQ
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