For departures from GAAP or scope restrictions, the auditor must decide if the potential effect on the financial statements is
A) immaterial.
B) material.
C) highly material.
D) any of the above.

Question

Quizplus · Accepted Answer

The auditor must assess the potential effect of departures from GAAP or scope restrictions on the financial statements, which can range from immaterial to highly material. The decision depends on the specific circumstances and the impact on the financial statements' reliability and accuracy.

For Departures from GAAP or Scope Restrictions, the Auditor Must