In Which of the Following Cases Is It Not Necessary

question 55

Multiple Choice

In which of the following cases is it not necessary for an auditor to revise the original materiality level and document the new materiality amount, as well as the rationale for changing the amount?

• A) If there is a change in circumstances that involve laws, regulations, or the accounting framework.
• B) If there is new information resulting from the risk assessment of the client.
• C) If there are changes in the understanding of the client about a new contractual agreement.
• D) If the client plans to change depreciation methods for new plant assets procured in the future.

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Definitions:

Semantics

The branch of linguistics and logic concerned with meaning, including the relations between words, the connotations of words, and the study of sentences.

Syntax

concerns the rules or principles that govern the structure of sentences in a language, particularly the arrangement of words and phrases.

Regularization

A method in machine learning that reduces the model complexity to prevent overfitting by adding a penalty on the larger weights.

Sound Bytes

short clips of audio, often extracted from longer pieces of content, that are memorable, impactful, and easily shared.