Multiple Choice
During the audit of XYZ Ltd the auditor found a misstatement that equated to 7% of the base amount. According to the guidelines provided by AASB 1031.this amount is deemed to be:
A) material.
B) not material.
C) a matter of professional judgement whether it is considered material.
D) none of the above.
Correct Answer:
Verified
Correct Answer:
Verified
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