In auditing, the term 'materiality' refers to:

Question

Economics · Auditing

In auditing, the term 'materiality' refers to:

Verified Solution4 OptionsUpdated: October 2026👁️1 View

Share:

Correct answer

The degree to which an item's omission or misstatement could influence users' decisions.

Download Single Question PDF

Save this question and verified answer as a clean study sheet with live clickable link.

👥

Share with Friends & Study Groups

Challenge your peer aspirants on WhatsApp or Telegram to solve this question!

Online Test Series

Preparing for Economics?

Practice full-length mock tests with real exam timers, instant score analysis, and all-India ranking.

Start Free Mock Test →

Chapter Practice

Want more practice questions on Auditing?

Solve complete topic-wise tests with detailed solutions on GkGet.

Practice Auditing MCQs →

Recommended practice questions in Economics · Auditing

Browse More Economics →

1

Which of the following events is considered a major turning point that fueled Indian nationalism during British rule due to its brutal nature and widespread condemnation?

Solve Question→

2

Which of the following events is considered the first major peasant uprising against the British in India?

Solve Question→

3

Who led the Non-Cooperation Movement in India?

Answer 1

The legal liability of auditors.

Answer 2

The degree to which an item's omission or misstatement could influence users' decisions.

Answer 3

The significance of the auditor's findings to management.

Answer 4

The volume of audit evidence collected.

In auditing, the term 'materiality' refers to:

Download Single Question PDF

Share with Friends & Study Groups

Preparing for Economics?

Practice by Subject

Practice by Exam

Topic-Wise Solved Questions

In auditing, the term 'materiality' refers to:

Download Single Question PDF

Share with Friends & Study Groups

Preparing for Economics?

Related Practice Questions

Practice by Subject

Practice by Exam

Topic-Wise Solved Questions