Why do auditors concentrate their efforts on material items in accounts?
ABecause the risk to the accounts of their being incorrectly stated is greater
BBecause they are easier to audit
CBecause it reduces the audit time
DBecause the directors have asked for it
Correct answer
A. Because the risk to the accounts of their being incorrectly stated is greater
Explanation
Because the risk to the accounts of their being incorrectly stated is greater is the correct answer. Review the question and compare it with the other choices to remember this fact for future exams.