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All the following statements regarding materiality are wrong EXCEPT: A. Information is
material if omitting it wouldn't influence users' decisions: B. Companies must consider
quantitative factors only when determining materiality. C. When determining materiality,
relative size and importance of the item should be considered b. When determining materiaily,
companies must ensure that all the financial informabion that is necessary for faithful
representation is provided

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All the following statements regarding materiality are wrong EXCEPT .pdf

  • 1. All the following statements regarding materiality are wrong EXCEPT: A. Information is material if omitting it wouldn't influence users' decisions: B. Companies must consider quantitative factors only when determining materiality. C. When determining materiality, relative size and importance of the item should be considered b. When determining materiaily, companies must ensure that all the financial informabion that is necessary for faithful representation is provided