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 |
The different types of competition in nature.
Types of Neurons
Types, Sizes, and Uses of Computers in the Medical Office
Examples of the Types of Cards Used in a Test of Inductive Reasoning
Types of Respiratory Protection Devices
Types of Bacteria