Q
Why do auditors concentrate their efforts on material items in accounts?
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A
A. Because they are easier to audit
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B
B. Because it reduces the audit time
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C
C. Because the risk to the accounts of their being incorrectly stated is greater
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D
D. Because the directors have asked for it
Correct Answer:
C. C. Because the risk to the accounts of their being incorrectly stated is greater
