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7 - 2 LO 1 Imagine that an auditor finds an error in the client's financial statements, and that correcting the error in the client's
LO Imagine that an auditor finds an error in the client's financial statements, and that correcting the error in the client's financial records would result in EPS declining by one penny. Why might the auditor judge this one penny to be a material amount? Why might the auditor judge this one penny to be an immaterial amount? 
LO Imagine that an auditor finds an error in the client's financial statements, and that correcting the error in the client's financial records would result in EPS declining by one penny. Why might the auditor judge this one penny to be a material amount? Why might the auditor judge this one penny to be an immaterial amount?
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Fundamental Accounting Principles
Authors: John Wild, Ken Shaw, Barbara Chiappett
23rd edition
1259536351, 978-1259536359
