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Author Question: If most or all users' decisions that are based on the financial statements are likely to be ... (Read 61 times)

jojoperlo_

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Question 1

A misstatement in the financial statements can be considered material if knowledge of the misstatement will affect a decision of
◦ the PCAOB.
◦ a reasonable user of the financial statements.
◦ an accountant.
◦ the SEC.

Question 2

If most or all users' decisions that are based on the financial statements are likely to be significantly affected, the materiality level is
◦ unrestricted.
◦ material.
◦ pervasive.
◦ risky.


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Marked as best answer by jojoperlo_ on Aug 21, 2022

as4309

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jojoperlo_

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Reply 2 on: Aug 21, 2022
Gracias!


nguyenhoanhat

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Reply 3 on: Yesterday
Excellent

 

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