Ravi Staff asked 5 years ago
269. Identify the incorrect one:
a) SA 320 permits revision of materiality.
b) SA 320 does not permit revision of
materiality.
c) As per SA 320 materiality once decided can
be revised
d) None of the above.
Answer:- b) SA 320 does not permit revision of materiality.
1 Answers
Ravi Staff answered 5 years ago
MCQ revised for better understanding:-
Identify the incorrect one:
a) SA 320 permits revision of materiality .
b) SA 320 does not permits revision of materiality .
c)As per SA 320 materiality initially decided can be revised
d)None of the above.
Answer:- b) SA 320 does not permits revision of materiality .