Which of the following would not be a reason to lower the threshold for materiality?
a. The auditor is concerned with potential violations of debt covenants.
b. There were proposed adjusting entries to a particular account in prior years.
c. The consequences of a potential misstatement in an account balance are very high.
d. The audit team wants to limit the amount of time spent at the client's facilities.
d
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Scenario D: Theo, Diana, and Teddy, who work for different organizations, are comparing the diversity makeup of their respective companies. Theo states that in his workplace there are few minority employees and most of them have low-status jobs. In contrast, Diana states that her company values diversity and seeks to fully integrate gender, racial, and minority group members, both formally and informally. Finally, Teddy states that his organization also has a diverse workforce and that it uses affirmative action to manage it; however, he says that most minority employees are placed in similar job positions.When Teddy says that the company he works for has a diverse workforce and uses affirmative action to manage it, but that most minority employees are placed in similar job positions, he
is describing a ________ organization. A. multicultural B. monolithic C. multinational D. bureaucratic E. pluralistic
A basic issue, still unresolved, relates to whether oil and gas exploration cost should be expensed or capitalized
Indicate whether the statement is true or false
An adjusting entry would not include which of the following accounts?
A) Salaries Payable B) Unearned Revenue C) Interest Receivable D) Cash
Cognitive learning theories assume that ________
A) learning occurs when people realize their actions result in rewards or punishments B) learning takes place as the result of connections we form between events C) the most important component of learning is directed by cognition D) people are problem solvers who do more than passively react to associations between stimuli E) the individual takes a passive role during the learning process