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Q: What is materiality and give an example? Q. What is the difference between a capital lease and operational lease? Q. What is the matching

  • Q: What is materiality and give an example? Q. What is the difference between a capital lease and operational lease? Q. What is the matching principle and why it is important to accountants? Q. What is professional skepticism and why is it important to auditors? Q. What is the balance sheet formula and describe each part? Q. A/R journal entry? Q. What is going concern? Q. Do you mind staying overnight/travel for audits? Q. What qualities does an auditor need to have?

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