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Author Question: Certain types of misstatements are likely to be more important than other types to users, even if ... (Read 52 times)

ncasson210

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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.
YesYes


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.
NoNo


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.
YesNo


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.
NoYes


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Marked as best answer by ncasson210 on Aug 21, 2022

rika06@comcast.net

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Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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ncasson210

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Reply 2 on: Aug 21, 2022
YES! Correct, THANKS for helping me on my review


smrtceo

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Reply 3 on: Yesterday
Excellent

 

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