The auditor makes preliminary judgments about materiality levels in planning the audit. This materiality assessment is referred to as:
A) planning materiality.
B) preliminary materiality.
C) initial materiality.
D) beginning materiality.
E) benchmark materiality.

Question

Quizplus · Accepted Answer

Planning materiality is the term used to describe the preliminary judgments about materiality levels that an auditor makes during the planning phase of an audit.

The Auditor Makes Preliminary Judgments About Materiality Levels in Planning