All of the following are examples of qualitative characteristics of a misstatement except: a. Affects managements compensation

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All of the following are examples of qualitative characteristics of a misstatement except:

a. Affects management’s compensation for the period.

b. Exceeds the amount for performance materiality.

c. Changes a net loss to a net income for the period.

d. Affects compliance with debt covenants.

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Auditing A Practical Approach with Data Analytics

ISBN: 978-1119401742

1st edition

Authors: Raymond N. Johnson, Laura Davis Wiley, Robyn Moroney, Fiona Campbell, Jane Hamilton

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