Multiple Choice
The concept of materiality refers to:
A) Any misstatement in the financial statements.
B) The overall degree of risk in an organization.
C) An amount of misstatement that could lead someone to make a poor decision and suffer a loss.
D) An amount of risk in an organization sufficient to offset the expected returns of any investment in the company.
Correct Answer:
Verified
Correct Answer:
Verified
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