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Question: The concept of materiality refers to: a) The physical existence of assets b) The relative importance of financial information c) The matching of revenues and expenses d) The timing of cash flows

Question: The concept of materiality refers to: a) The physical existence of assets b) The relative importance of financial information c) The matching of revenues and expenses d) The timing of cash flows

Auditing: A Risk Based-Approach (MindTap Course List)
Auditing: A Risk Based-Approach (MindTap Course List)
11th Edition
ISBN:9781337619455
Author:Karla M Johnstone, Audrey A. Gramling, Larry E. Rittenberg
Publisher:Karla M Johnstone, Audrey A. Gramling, Larry E. Rittenberg
Chapter10: Auditing Cash, Marketable Securities, And Complex Financial Instruments
Section: Chapter Questions
Problem 4CYBK: Which of the following assertions is relevant to whether the cash balances reflect the true...
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Question: The concept of materiality refers to: a) The physical existence of assets b) The relative importance of financial information c) The matching of revenues and expenses d) The timing of cash flows
Transcribed Image Text:Question: The concept of materiality refers to: a) The physical existence of assets b) The relative importance of financial information c) The matching of revenues and expenses d) The timing of cash flows
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