Which of the Following Statements Is Not True About Materiality

question 41

Multiple Choice

Which of the following statements is not true about materiality judgments?

• A) The auditor's consideration of materiality is influenced by the auditor's perception of the needs of users of financial statements.
• B) The auditor considers materiality only in relation to classes of transactions, account balances, and disclosures.
• C) Materiality judgments are used to help the auditor gather sufficient appropriate evidence about whether the financial statements are free of material misstatement.
• D) Materiality decisions differ from one audit client to another.

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Definitions:

Split

A function or method in programming that divides a string or array into smaller parts based on a specified delimiter.

Back-End Database

The part of a database application that stores data and is not directly accessed by users, usually residing on a server.

Front-End Database

The portion of a database application that interacts with the users, providing an interface for data entry, querying, and reporting, but does not contain the data itself.

Database Password

A security measure requiring the entry of credentials to access or modify a database, intended to protect sensitive information from unauthorized access.