Professional standards recognize that a misstatement that is quantitatively immaterial may be qualitatively material. In regard to
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Professional standards recognize that a misstatement that is quantitatively immaterial may be qualitatively material. In regard to these items, professional standards require the auditor to:
A. Plan the audit to search for them.
B. Design explicit procedures to detect them.
C. Be on the alert for them.
D. Report them directly to client management.
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Related Book For
Modern Auditing And Assurance Services
ISBN: 9781118615249
6th Edition
Authors: Philomena Leung, Paul Coram, Barry J. Cooper, Peter Richardson
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