When Setting a Preliminary Judgment About Materiality

question 27

Multiple Choice

When setting a preliminary judgment about materiality:

• A)more evidence is required for a low dollar amount than for a high dollar amount.
• B)less evidence is required for a low dollar amount than for a high dollar amount.
• C)the same amount of evidence is required for either low or high dollar amounts.
• D)there is no relationship between it and the dollar amount of evidence needed.

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Definitions:

Instability

A situation characterized by a lack of stability, predictability, or consistency, often leading to chaos or disorder in social, economic, or political contexts.

Truman Doctrine

A U.S. foreign policy established in 1947, asserting that the U.S. would provide economic and military aid to countries threatened by communism, marking the start of the Cold War era containment strategy.

Mr. X Article

The Mr. X Article, also known as "The Sources of Soviet Conduct," was an influential 1947 essay written by George F. Kennan under the pseudonym "Mr. X," outlining the strategy of containment of Soviet expansion.

Containment Doctrine

A foreign policy strategy aimed at preventing the spread of communism by providing economic and military aid to countries threatened by Soviet expansion.