Senior Auditor - Paper - 1 :: Discussion


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
Answer:  Option  D
Explanation:

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Published by:Rehana Akram

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