AUDITING RMU
AUDITING RMU
11th Edition
ISBN: 9781260934830
Author: MESSIER
Publisher: MCGRAW-HILL HIGHER EDUCATION
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Chapter 1, Problem 1.18MCQ
To determine

Concept Introduction:Materiality is a level at which an amount or transaction is considered relevant for the purpose of audit. Auditor provides his opinion on the basis of examination of material items.

To choose: The statement that best describes the role of the materiality in a financial statement audit.

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