Materiality is important because if financial statements are materially misstated, users' decisions may be affected, and thereby cause financial loss to them. It is difficult to apply because there are often many different users of the financial statements is the correct statement for the difficulty of applying the materiality in practice.
Answer: Option C
<u>Explanation:</u>
Materiality is important but difficult to apply in practice because the user’s decisions may be hugely affected if the financial statements are misstated materially and this may cause a loss.
It is also very difficult in applying in practice due to having many different users of the financial statements. Making an assessment of the users is compulsory by the auditors and use the application of the materiality.
How... how am I supposed to answer this?
Lemme see here... he left everything he knew to become a monk so... um... so...
a·ban·don·ment<span>əˈbandənmənt/</span>noun<span>noun: abandonment</span><span>; plural noun: abandonments</span>the action or fact of abandoning or being abandoned.
Answer:
Walter Dill Scott
Explanation:
Walter Dill Scott was an extremely important American psychologist for the advertising we know today. He was an expert and was the pioneer in industrial psychology. His ideas sparked a revolution in psychology by being the first psychologist to incorporate psychological techniques and tactics in advertising.
He studied in Germany with Wilhelm Wundt at the University of Leipzig, who was one of the founding figures of modern psychology.
There are ADVANTAGE of legalizing baby bins or baby hatches which are typically used to leave the newborn babies by their parent who do not want them for certain reasons and abandon them there.
This can save many lives of the newborns as the other way people might choose is killing the babies or abandoning them at places where no one might ever find them.
The baby left there will have a positive opportunity to flourish in the society unlike the one left at street as the hatches are monitored by law.
There can be some DISADVANTAGES as well to the scheme as it might help promote immoral behaviors in society. A key factor in stopping immoral activities is the fear of society, and baby bins remove that fear. Another risk can be of an increasing tendency of rapes where people might think its OK to give birth to children and then leave them to baby bins.
