Silka Is in the Process of Performing an Audit

question 31

Multiple Choice

Silka is in the process of performing an audit. During the audit, Silka decided to change materiality. A valid reason for this would be

• A) a new user of the financial statemens was identified.
• B) a fraud was discovered in the accounts payable section.
• C) materiality required the auditors to perform too many tests.
• D) too many errors were found during testing.

Develop effective presentation skills, including the use of visuals and audience engagement techniques.

Identify and practice steps for effective speech preparation and delivery.

Critically evaluate the effectiveness of one's own and others' written work and presentations.

Understand the obligations and liability of parties involved in negotiable instruments.