Question 7 Answer saved Which of the following statements about materiality are true? Marked out of Select one: 1.00 Flag O a. There is a positive relationship between planning materiality and the riskiness of the client. question O b. Materiality cannot be used to examine the correctness of non-numeric disclosures in the financial statements. O c. Reducing planning materiality reduces engagement risk. O d. Assessments of materiality need to take into account circumstances where a small numeric error might have major implications for the way that the users interpret the financial statements. Clear my choice Question 8 Which of the following would suggest that a company has unrecorded interest expense? Answer saved Marked out of Select one: 1.00 O a. A rising interest cover ratio and a rising debt to equity ratio Flag O b. A falling interest cover ratio and a falling debt to assets ratio question O c. A rising interest cover ratio and a falling debt to assets ratio O d. A falling interest cover ratio and a rising debt to equity ratio Clear my choice X