Biology Forums - Study Force

Other Fields Homework Help Accounting Topic started by: npeelman on Jul 19, 2017



Title: There are often a large number of immaterial errors discovered that do not require an adjustment at ...
Post by: npeelman on Jul 19, 2017
There are often a large number of immaterial errors discovered that do not require an adjustment at the time they are found. How should these errors be dealt with by the auditor?
A) Since these items are individually immaterial, the auditor would not recommend adjusting entries to client.
B) Since there are a large number of these, the auditor would recommend adjusting entries to the client.
C) The auditor must combine the individually immaterial errors and evaluate whether the combined amount is material.
D) The auditor would never combine these individually immaterial amounts because that would mix apples and oranges.


Title: Re: There are often a large number of immaterial errors discovered that do not require an adjustment ...
Post by: charleshardt on Jul 19, 2017
Content hidden