Question 1
Auditing standards ________ that the basis used to determine the preliminary judgment about materiality be documented in the audit files.
◦ permit
◦ do not allow
◦ require
◦ strongly encourage
Question 2
Certain types of misstatements are likely to be more important than other types to users, even if the dollar amounts are the same. Which of the following demonstrates this?
◦
Amounts involving frauds are considered more important than
errors of equal amount. | Misstatements that are otherwise immaterial may be material if they affect a trend in earnings. |
| Yes | Yes |
◦
Amounts involving frauds are considered more important than
errors of equal amount. | Misstatements that are otherwise immaterial may be material if they affect a trend in earnings. |
| No | No |
◦
Amounts involving frauds are considered more important than
errors of equal amount. | Misstatements that are otherwise immaterial may be material if they affect a trend in earnings. |
| Yes | No |
◦
Amounts involving frauds are considered more important than
errors of equal amount. | Misstatements that are otherwise immaterial may be material if they affect a trend in earnings. |
| No | Yes |
Types of obligatory salt and water exchanges in a terrestrial animal.
The different types of competition in nature.
This young child is pulling at the ear and acting fussy, two important signs of otitis media.
Meta-analysis of 18 studies shows that aerobic exercise causes better performance in older adults on
Various types of integumentary conditions. (E) Melanoma.
Types of Volcanoes