Multiple Choice
What is the term used to describe the preliminary judgement about materiality allocated to any given account balance?
A) tolerable materiality
B) the materiality range
C) the error range
D) tolerable misstatement
Correct Answer:
Verified
Correct Answer:
Verified
Q67: An acceptable audit risk assessment of low
Q68: A major limitation in the application of
Q69: Performance materiality refers to certain types of
Q70: When discussing planned detection risk (PDR)and the
Q71: The audit risk model is used primarily:<br>A)
Q73: Australian auditing standards provide detailed, objective guidance
Q74: Distinguish between tolerable misstatement and preliminary assessment
Q75: Which one of the following statements does
Q76: Which of the following is NOT a
Q77: The definition of materiality in the auditing