Which of the following statements about materiality is not correct? Multiple Choice A...
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Accounting
Which of the following statements about materiality is not correct? Multiple Choice A traditional guideline for auditors is to percent of net earnings. An item is material if its inclusion or omission would influence or change the judgement of a reasonable person. The amount involved must make a difference or it should not be disclosed. Materiality is a matter of both its nature and relative size.
Which of the following statements about materiality is not correct?
Multiple Choice
A traditional guideline for auditors is to percent of net earnings.
An item is material if its inclusion or omission would influence or change the judgement of a reasonable person.
The amount involved must make a difference or it should not be disclosed.
Materiality is a matter of both its nature and relative size.
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