[Yolonge]

Auditors may ignore individually immaterial accounts when confirming accounts receivable.

Wiley says the answer is incorrect.

Can anyone please explain why they cannot ignore individually immaterial accounts? as long as risk is low and total material as aggregate is below material level I thought you do not have to test them.

Thanks!

Materials: Wiley book + Ninja MCQ

FAR - 83 (Jan 2016)
Study time: 6 weeks
BEC - 87 (April 2016)
Study time: 2 weeks
AUD - 92 (July 2016), (74 Feb 2016), (72 May 2016)
Study time: 4 (Feb) + 2 (May) + 3 (July) = 9 weeks total
REG - (70 April 2016)
Study time: 3 weeks