McqMate
| Q. |
Which of the following statements is not correct about materiality? |
| A. | Materiality is a relative concept |
| B. | Materiality judgments involve both quantitative and qualitative judgments |
| 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 |
| D. | At the planning state, the auditor considers materiality at the financial statement level only |
| Answer» D. At the planning state, the auditor considers materiality at the financial statement level only | |
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