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Management Sciences
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Management Sciences
Which of the following statements is not correct about materiality?
A
Materiality is a relative concept
Option A
B
Materiality judgments involve both quantitative and qualitative judgments
Option B
C
Auditor’s consideration of materiality is influenced by the auditor’s perception of the needs of an informed decision maker who will rely on the financial statements
Option C
At the planning state, the auditor considers materiality at the financial statement level
Correct answer
Correct answer: D
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