Which of These Factors Could Not Be the Cause of a Material

question 26

Multiple Choice

Which of these factors could not be the cause of a material misstatement?

• A)Selection of inappropriate accounting policies.
• B)Inadequate disclosure.
• C)Disagreement with those charged with governance in relation to the financial statements.
• D)None of the above, i.e.all could be the cause of material misstatement.

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Definitions:

Percentage

A portion, share, or rate expressed as a fraction of 100, used to compare parts of a whole.

Political Efficacy

Political efficacy refers to the belief or confidence of citizens in their power to influence political processes and effect change through their actions and participation.

Decreased

A reduction in size, quantity, or intensity of a particular thing or phenomenon.

Increased

Describes something that has become larger or greater in size, amount, or degree.