Multiple Choice
Which of the following is correct concerning the PCAOB's concept of a significant account?
A) It is the same as a relevant assertion.
B) The auditor need only consider significant accounts when controls do not operate effectively.
C) In deciding whether an account is a significant account one does not consider the effect of internal control.
D) It is an account for which qualitative materiality considerations are particularly important.
Correct Answer:
Verified
Correct Answer:
Verified
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