Which of the Following Is Not a Way in Which

question 54

Multiple Choice

Which of the following is not a way in which auditors use the concept of overall materiality?

• A)As a guide to planning the audit plan.
• B)As a guide to the evaluation of evidence.
• C)As a guide for making decisions about the audit report.
• D)As a guide for assessing control risk.

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Definitions:

Annual Operating Expenses

The total costs associated with running a business, organization, or project within a given fiscal year, excluding the cost of goods sold.

Deejay

A person who selects and plays recorded music for an audience, traditionally in settings like radio stations or nightclubs.

External Environment

Factors and forces outside an organization that affect its performance, including economic, social, technological, legal, and political elements.

Organizational Planned Change

A deliberate process initiated by an organization to improve or alter its current state for better results.