Which of the Following Is NOT a Qualitative Factor When

Which of the following is NOT a qualitative factor when assessing materiality?

A) A misstatement that changes a loss into income or vice versa
B) The existence of statutory or regulator reporting requirements that affect materiality thresholds
C) The potential effect of the misstatement on trends, especially trends in profitability
D) The use of simplistic numerical thresholds and rules of thumb

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