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npeelman npeelman
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7 years ago
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.
Textbook 
Auditing: The Art and Science of Assurance Engagements, Canadian Edition

Auditing: The Art and Science of Assurance Engagements, Canadian Edition


Edition: 12th
Authors:
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charleshardtcharleshardt
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7 years ago
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