Direct and material noncompliance is noncompliance having a direct and material effect on the determination of financial statement amounts or could have a significant effect on other financial data needed to achieve audit objectives.
Noncompliance can affect financial data needed to achieve audit objectives.
Auditing can be done easily without any financial data.
A dog is napping outside.
A young man is building a sandcastle on the beach.
It would most likely be something good for me to see because I'm studying history in school.
I hate fruit.
A dog chases a cat.
The cat is chasing the mouse.