The primary concern in measuring materiality when a client has failed to follow an acceptable financial reporting framework is usually
A)the total dollar error in the accounts involved,compared with some acceptable base.
B)measurability of the dollar error.
C)the nature of the item in error.
D)whether it can materially affect some future period.

Question

Quizplus · Accepted Answer

The primary concern is the total dollar error in the accounts involved, compared with some acceptable base, as this determines the material impact on the financial statements.

The Primary Concern in Measuring Materiality When a Client Has