Accountants must use _________________when deciding if an item is material.
A) a set of rules.
B) a text book.
C) professional judgement.
D) the code of conduct.

Question

Quizplus · Accepted Answer

Materiality is not solely determined by a set of rules or a textbook, but requires professional judgement. The code of conduct may provide guidance on professional conduct, but it does not determine materiality.

Accountants Must Use _________________When Deciding If an Item Is Material