Which of the following would NOT typically be an appropriate base on which an auditor would determine materiality? O gross profit O net income before tax O total assets O total liabilities
Which of the following would NOT typically be an appropriate base on which an auditor would determine materiality? O gross profit O net income before tax O total assets O total liabilities
Auditing: A Risk Based-Approach to Conducting a Quality Audit
10th Edition
ISBN:9781305080577
Author:Karla M Johnstone, Audrey A. Gramling, Larry E. Rittenberg
Publisher:Karla M Johnstone, Audrey A. Gramling, Larry E. Rittenberg
Chapter16: Advanced Topics Concerning Complex Auditing Judgments
Section: Chapter Questions
Problem 27MCQ
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![Which of the following would NOT typically be an appropriate base on which an auditor would
determine materiality?
O gross profit
O net income before tax
O total assets
O total liabilities](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F4bfc4283-5346-4d77-a552-d84c8875c324%2Feadd2855-d4da-4b7c-970b-439f5e8dca42%2Fv8hmq6b_processed.jpeg&w=3840&q=75)
Transcribed Image Text:Which of the following would NOT typically be an appropriate base on which an auditor would
determine materiality?
O gross profit
O net income before tax
O total assets
O total liabilities
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