Information Is Considered Quantitatively Material If It _______

question 137

Multiple Choice

Information is considered quantitatively material if it _______.

• A)exceeds the dollar magnitude of an auditor's planning materiality assessment
• B)affects a user's decision-making process for a reason other than its dollar magnitude
• C)indicates the audit client is in danger of breaching a debt covenant
• D)indicates there is a change in client operations that affects the level of risk faced by the client

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Definitions:

Age Five

This term refers to children who are five years old, a developmental stage characterized by significant growth in language, motor, and social skills.

Compliant Type

A personality characteristic where an individual tends to agree with others or obey rules and instructions with little resistance.

Guidance

The act of offering direction, advice, or information intended to aid decision-making or problem-solving.

Spiritual Qualities

Attributes associated with deep feelings of connection to a higher power or larger reality, often manifesting as compassion, peace, and a sense of purpose.