Which of the Following Is Correct Concerning the PCAOB's Concept

question 11

Multiple Choice

Which of the following is correct concerning the PCAOB's concept of a significant account?

• A)It is the same as a relevant assertion.
• B)The auditor need only consider significant accounts when controls do not operate effectively.
• C)In deciding whether an account is a significant account one does not consider the effect of internal control.
• D)It is an account for which qualitative materiality considerations are particularly important.

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