Information if by its omission, misstatement or non-disclosure has the potential to influence economic decision-making, is regarded as:
A)reliable.
B)true and fair.
C)material.
D)objective.

Question

Quizplus · Accepted Answer

Material information is information that could potentially influence economic decision-making. Therefore, option C is the correct answer. Options A, B, and D are incorrect because they may not necessarily be related to the concept of materiality.

Information If by Its Omission, Misstatement or Non-Disclosure Has the Potential