An Item That Is Considered Material Due to Its Magnitude

question 48

Multiple Choice

An item that is considered material due to its magnitude is referred to as being

• A) quantitatively material.
• B) of no interest to the auditor.
• C) qualitatively material.
• D) none of the above

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Definitions:

Therapeutic

Relating to the healing of disease or maintenance of health, often used in the context of treatment, interventions, or remedies.

Diagnostic

Pertaining to the identification of the nature or cause of a health condition or disease.

Curative

Intended to cure or remedy a disease or disorder.

Endocrine

Pertaining to glands that secrete hormones directly into the bloodstream to regulate bodily functions.