Mike and Elizabeth, two audit staff associates are working on the audit of PeaGram LLC, a nationwide distributor of frozen foods. Mike and Elizabeth are discussing the concept of materiality, and how this concept is related to the auditing profession. The two staff associates have differing opinions on what materiality is, and why it is important. Which of the following answers best describes materiality and why it is important?

I know my face must remain in full view of the Webcam for the duration of the testing session. I understand that I will be in violation of the Academic Dishonesty policy if I do not have my face in full view and may be assigned a grade of 0 on the exam.

I know that I am prohibited from accessing the exam in a public space. [space] I know that headphones, earpieces, smartphones, watches and other devices that connect to the Internet are prohibited during the exam. [online] I know that I am not allowed to wear long-sleeves, hoodies, sweatshirts, and jackets during the exam [clothes]    

I understand that I may be required to copy and paste charts from the question into an answer field. To practice, copy the table below into the answer field and type complete the table with the required information. Your First Name Your Last Name Your OCC ID

If I have technical issues when verifying my identity, I will use the Chat bubble to contact HonorLock support to resolve the problem. [id] If I have technical issues during the exam, I will use the Chat bubble to contact HonorLock to resolve the problem. [prob]

I know that, if I change my mind about testing remotely, I may take the exam in the classroom at the designated time. I know that if I do not take the exam remotely, as scheduled, I will not be allowed a makeup unless the exceptions in the syllabus apply. 

I understand that I may be required to EMBED an image into an answer field. Practice embedding an image by inserting a picture of the calculator you will use during the test.

I have reviewed Using HonorLock for Remote Exams and all linked materials. I verified that my computer satisfies the minimum technical requirements for HonorLock proctoring. [tech] I review the information about Online Test Proctoring on the OCC website. [web] I watched the Honorlock Video Tutorial video. [video]

I will NOT access the exam from any location on the OCC Campus.

I understand that I may be asked to upload a file. Practice uploading a pdf file by uploading any pdf file.