Identify the appropriate qualitative characteristic(s) being described in the statements below. Information that is capable of making a difference in a decision is said to have this fundamental quality. Select one: O a. Materiality O b. Comparability O c. None of the answers are correct O d. Faithful representation e. Relevance

Auditing: A Risk Based-Approach (MindTap Course List)
11th Edition
ISBN:9781337619455
Author:Karla M Johnstone, Audrey A. Gramling, Larry E. Rittenberg
Publisher:Karla M Johnstone, Audrey A. Gramling, Larry E. Rittenberg
Chapter10: Auditing Cash, Marketable Securities, And Complex Financial Instruments
Section: Chapter Questions
Problem 15CYBK
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Identify the appropriate qualitative characteristic(s) being described in the statements below..
Information that is capable of making a difference in a decision is said to have this fundamental quality.
Select one:
O a. Materiality
O b. Comparability
O c. None of the answers are correct
O d. Faithful representation
O e. Relevance
Transcribed Image Text:Identify the appropriate qualitative characteristic(s) being described in the statements below.. Information that is capable of making a difference in a decision is said to have this fundamental quality. Select one: O a. Materiality O b. Comparability O c. None of the answers are correct O d. Faithful representation O e. Relevance
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