In the Planning of an Audit, It Was Decided That

In the planning of an audit, it was decided that cash would not be audited because it comprised only 1 per cent of total assets. How would you respond to this decision?

A) Whether or not this was acceptable would depend on the company and the type of industry.
B) Cash is always going to be material, no matter what amount it is.
C) An amount of 1 per cent of total assets is likely to be immaterial.
D) It is probable that this amount would still be considered material, due to the nature of cash.