An auditor's consideration of materiality is a matter of professional judgment and is influenced by the auditor's perception of the needs of users of financial statements.

Name: An auditor's consideration of materiality is a matter of professional judgment and is influenced by the auditor's perception of the needs of users of financial statements.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

The consideration of materiality by an auditor is based on professional judgment and takes into account the needs of financial statement users.

An Auditor's Consideration of Materiality Is a Matter of Professional