Auditors Are Responsible to Detect and Correct Errors When They

question 25

Multiple Choice

Auditors are responsible to detect and correct errors when they are:

• A) Material
• B) Material or immaterial
• C) Due to an illegal act
• D) Management fails to correct for the error

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Definitions:

Systematic View

An approach that involves a structured, methodical analysis of a problem, situation, or system.

Events

Occurrences or happenings, often of significance, that are scheduled or observed.

Situations

Sets of conditions or circumstances at a certain time and place.

Interactions

The processes or actions taken wherein two or more entities or variables affect or influence each other.