If it is probable that the judgment of a reasonable person will be changed or influenced by the omission or misstatement of information,then that information,which of the following (based on the definition of FASB Statement No.2) best describes that information?
A) Insignificant.
B) Relevant.
C) Significant.
D) Material.
Correct Answer:
Verified
Q41: To learn more about a company and
Q45: If materiality judgments change during the audit
Q46: Detection risk is controllable by the client.
Q50: If $15,000 is considered to be material
Q50: Which of the following are two frequently
Q52: Which of the following are common brainstorming
Q53: What is the nature of the relationship
Q55: Detection risk is affected by which aspects
Q56: Which of the following is a reason
Q58: Insistence from the CEO that she must
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents