The accumulation of which potential misstatements to accumulate for the purpose of assessing the materiality of misstatements is often based on whether items are considered clearly trivial.

Question

Quizplus · Accepted Answer

This statement is true. The accumulation of potential misstatements for materiality assessment often excludes clearly trivial items, meaning items that are not likely to have a significant impact on the overall financial statements.

The Accumulation of Which Potential Misstatements to Accumulate for the Purpose