GAT Subject
Engineering
Computer Science Civil Engineering Chemical Engineering Agricultural Engineering Mechanical Engineering Electronics and Communication
20. | Which of the following is correct in relation to materiality? | |
A. | A matter is material only if it changes the audit report | |
B. | A matter is material if the auditor and the directors both decide that further work needs to be done in the area under question | |
C. | A matter is material only if it affects directors’ emoluments | |
D. | A matter is material if its omission or misstatement would reasonably influence the decisions of an addressee of the auditors’ report | |