Last Year the Materiality for the Client Was $590 000

question 60

Multiple Choice

Last year the materiality for the client was $590 000.This year it is $400 000.All things being equal,how will this change in materiality affect the extent of tests of details?

• A)increase
• B)decrease
• C)no effect as the tests of controls will be increased
• D)no effect as the tests of controls will be decreased

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Definitions:

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Feeling disillusioned or worn out with dating, often due to repeated disappointments or frustrations.

Co-Parenting

Collaborative and shared parenting responsibilities between two or more individuals, often following divorce or separation.

Religious Training

Education or instruction in the beliefs, practices, and doctrines of a particular religion or faith tradition.