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When Setting a Preliminary Judgment About Materiality

Question 71

Multiple Choice

When setting a preliminary judgment about materiality,


A) more evidence is required for a low dollar amount than for a high dollar amount.
B) less evidence is required for a low dollar amount than for a high dollar amount.
C) the same amount of evidence is required for either low or high dollar amounts.
D) there is no relationship between materiality and the dollar amount of evidence needed.

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