Multiple Choice
Which of the following statements about materiality is not correct?
A) An item must make a difference or it need not be disclosed.
B) Materiality is a matter of relative size or importance.
C) An item is material if its inclusion or omission would influence or change the judgement of a reasonable person.
D) All of these are correct statements about materiality.
Correct Answer:
Verified
Correct Answer:
Verified
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