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Professional Standards Recognize That a Misstatement That Is Quantitatively Immaterial

Question 16

Multiple Choice

Professional standards recognize that a misstatement that is quantitatively immaterial may be qualitatively material. In regard to these items, professional standards require the auditor to:


A) plan the audit to search for them.
B) design explicit procedures to detect them.
C) be on the alert for them.
D) report them to the audit committee.
E) report them directly to client management.

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