In Which of the Following Cases Is It Not Necessary

question 55

Multiple Choice

In which of the following cases is it not necessary for an auditor to revise the original materiality level and document the new materiality amount, as well as the rationale for changing the amount?

• A) If there is a change in circumstances that involve laws, regulations, or the accounting framework.
• B) If there is new information resulting from the risk assessment of the client.
• C) If there are changes in the understanding of the client about a new contractual agreement.
• D) If the client plans to change depreciation methods for new plant assets procured in the future.

---

Definitions:

Injustices

Situations or actions that violate principles of fairness, morality, or legally established rights, often leading to discrimination or oppression.

Residential Schools

Schools established to integrate Indigenous children into mainstream society, frequently involving the forced removal from their communities and suppression of their cultural practices.

Systemic Racism

A form of racism that is embedded in the laws and regulations of a society or an organization, leading to discrimination and inequality.

Theodore Fontaine

A notable Indigenous Canadian author and speaker, known for sharing his experiences as a survivor of the Canadian residential school system.