To Determine Whether or Not Information Is Material,paragraph 9 of AASB

Multiple Choice

To determine whether or not information is material,paragraph 9 of AASB 1031 indicates that it is material if its omission,misstatement or non-disclosure has the potential,individually or collectively to:

A) affect the discharge of accountability by the governing body of the entity.
B) be greater than 1 per cent of the total assets of the entity.
C) influence management to make decisions which will affect users of the financial report.
D) present the financial report in a "true and fair" manner.
E) deceive the auditors and regulators.