Often, There Is a Large Number of Immaterial Errors Discovered

question 19

Multiple Choice

Often, there is a large number of immaterial errors discovered that do not require an adjustment at the time they are found.

• A) The auditor must combine the individually immaterial errors and evaluate whether the combined amount is material.
• B) Since these items are individually immaterial, the auditor would not recommend adjusting entries to client.
• C) Since there are a large number of these, the auditor would recommend adjusting entries to client.
• D) The auditor would never combine these individually immaterial amounts because that would mix apples and oranges.

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Definitions:

Enabling Values

Refers to values that empower individuals or organizations to achieve goals or enhance performance.

Personal Courage

The ability of an individual to face fear, danger, or adversity with strength and resolve.

Caring Leaders

Leaders characterized by a genuine concern for the welfare, growth, and well-being of their followers and stakeholders.

Instrumental Values

Values that relate to the means of achieving desired ends; they are considered supportive in reaching goals.