The Concept of Materiality Would Be Least Important to an Auditor

question 39

Multiple Choice

The concept of materiality would be least important to an auditor when considering the:

• A) Decision whether to use positive or negative confirmations of accounts receivable.
• B) Adequacy of disclosure of a client's illegal act.
• C) Discovery of weaknesses in a client's internal control.
• D) Effects of a direct financial interest in the client upon the CPA's independence.

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Definitions:

Disciplinary Problems

Issues or difficulties related to managing behavior and maintaining order and discipline, typically in an educational or institutional setting.

Impact

The effect or influence of one thing on another, often used to describe the outcome of a particular action or series of events.

Reflect

To reflect is to think deeply or carefully about something, often involving careful consideration or meditation on past experiences or ideas.

Reputation

The beliefs or opinions that are generally held about someone or something, often based on past actions or performances.