Which of the following is an example of a qualitative materiality factor? a. The client is experiencing

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Which of the following is an example of a qualitative materiality factor?

a. The client is experiencing a slowdown in sales and is struggling to pay vendors on time.

b. Inventory represents 40% of current assets.

c. The client installed a new security system to protect the building.

d. Total salaries expense is greater than 5% of income before taxes.

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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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