Once the Auditor Calculates Materiality,he Uses the Concept of Materiality

question 116

Multiple Choice

Once the auditor calculates materiality,he uses the concept of materiality

• A)to determine the timing of substantive tests
• B)to determine the amount below which misstatements will always be evaluated as immaterial
• C)to evaluate the effect of uncorrected misstatements on the financial statements
• D)to determine if there are any deficiencies in internal control

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Definitions:

Job Performance

The level of effectiveness and efficiency a person demonstrates in accomplishing job-related tasks and responsibilities.

Career Success

The achievement of desired job-related outcomes, at any point in an individual’s work life.

Machiavellianism

A personality trait that involves manipulation and exploitation of others, a cynical disregard for morality, and a focus on self-interest and deception.

Networking Behaviours

involve actions aimed at establishing and maintaining beneficial professional relationships for career or business advancement.