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Which of the following is NOT consistent with the principle of materiality in accounting? ...

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Accounting

Which of the following is NOT consistent with the principle of materiality in accounting?
Relatively small errors in record keeping are not likely to produce a negative audit finding
Determination of materiality is subject to the professional judgement of auditors
What is material for a small organization may not be material to a large organization
Recorded transactions must involve tangible items of monetary value

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