Audit question- qualitative standard

  • Creator
    Topic
  • August 25, 2015 at 8:00 pm #196433
    seaoh
    Participant

    In one of my multiple choice answers in Becker it says,

    “The cost of correction is a qualitative standard that should be considered when evaluating the materiality of an uncorrected misstatement.”

    I am confused why this is a qualitative standard and not a quantitative standard.

    Any help is greatly appreciated!

    AUD - 81 (8/15)
    BEC - 83 (10/15)
    FAR - 84 (1/16)
    REG - 79 (5/16)

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