Multiple Choice
Which of the following statements is not true regarding the use of a judgmental approach by auditors in determining whether a misstatement is clearly trivial?
A) The determination is based on past auditor experience.
B) The determination is usually not very defensible to third-party users.
C) The determination is usually not very defensible to regulators.
D) The determination uses percentages for the likelihood of misstatement.
Correct Answer:
Verified
Correct Answer:
Verified
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