An Example of Qualitative Materiality Is

question 73

Multiple Choice

An example of qualitative materiality is:

• A) an error involving an amount of great magnitude.
• B) an error involving management oversight of small amounts.
• C) a misstatement caused by management fraud.
• D) All of the above.

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Definitions:

Corresponding

Relating to or denoting elements or objects that are equivalent or similar in position, function, or characteristics.

Statistics Test

An analytical process or procedure applied to a set of data in order to draw conclusions about the properties or characteristics of a population.

Minutes

A unit of time equal to sixty seconds, often used to measure duration or intervals.

Timeplot

A graphical representation showing a sequence of values of a variable over time.