alleryStart learning →Information is material if omitting or misstating it could influence what?
ADecisions of primary users
BThe size of audit fees
CThe choice of auditors
DThe tax payable by the firm
Answer & Solution
Correct answer: A. Decisions of primary users
The test is whether users' decisions based on the statements could reasonably change.
Keep practising Audit Planning Strategy and Execution
Browse all Audit Planning Strategy and Execution questions for CA Final, or explore more Auditing topics.
Related questions
Working papers help third parties do what?Internal audit tests the most important controls using which approach?Working papers help show that the audit was performed in line with what?Which development lets auditors analyse entire datasets instead of samples?If liquidation becomes imminent, statements are prepared on what basis?How long is the foreseeable future usually regarded under the going concern assumption?The IAASB issues which of these?Which body sets recognised standards for internal auditors?