- 1 Marks
AAA – L3 – SA – Q5.6 – Audit evidence
What factors influence an auditor’s materiality decision?
Question
Which of the following will influence an auditor’s decision as to whether a matter is material?
1 Degree of approximation
2 Losses or low profits
3 Time of occurrence during the year
4 Offset and aggregation
A 1,2 and 3 only
B 1,3 and 4 only
C 2,3 and 4 only
D 1,2 and 4 only
Find Related Questions by Tags, levels, etc.
- Tags: Aggregation, Approximation, Audit judgment, Materiality, Profitability
- Level: Level 3
- Topic: Audit Evidence
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