Top Posters
Since Sunday
a
5
k
5
c
5
B
5
l
5
C
4
s
4
a
4
t
4
i
4
r
4
r
4
Home Q & A Board Other Fields Homework Help Business Accounting
New Topic  
xiaily xiaily
wrote...
Go to Answer
Posts: 142
Rep: 0 0
A year ago
Which of the following is a correct statement regarding materiality?

▸ There are well-defined guidelines that enable auditors to determine if something is material.

▸ Misstatements must be compared with some benchmark before a decision can be made about the materiality level of the failure of a company to follow GAAP.

▸ Pervasiveness is not considered when comparing potential misstatements with a base or benchmark.

▸ To evaluate overall materiality, the auditor does not combine all unadjusted misstatements.
Textbook 
Auditing and Assurance Services

Auditing and Assurance Services


Edition: 17th
Authors:
Read 31 times
1 Reply
Replies
Answer verified by a subject expert
smiller94107smiller94107
wrote...
#1
Posts: 153
Rep: 1 0
A year ago
Sign in or Sign up in seconds to unlock everything for free
More solutions for this book are available here
1

Related Topics

xiaily Author
wrote...

A year ago
Helped a lot
kater28
wrote...

Yesterday
Brilliant ツ
Lawson1981
wrote...

2 hours ago
This helped my grade so much Perfect
New Topic      
Quick Reply
Explore
Post your homework questions and get free online help from our incredible volunteers
  1188 People Browsing
Start New Topic Take the Tour CoursesNew Study Tools Topics Trending Browse by Textbook
Live Chat
Related Images
  
 375
  
 375
  
 326
Your Opinion
Who will win the 2024 president election?
Votes: 3
Closes: November 4
Previous poll results: Which 'study break' activity do you find most distracting?