Solved

Information Is Material If Its Omission,misstatement or Non-Disclosure Has the Potential,individually

Question 44

Multiple Choice

Information is material if its omission,misstatement or non-disclosure has the potential,individually or collectively to:


A) affect the discharge of accountability by the governing body of the entity.
B) be greater than 1% of the total assets of the entity.
C) influence management to make decisions that will affect users of the financial report.
D) present the financial report in a 'true and fair' manner.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions