The concept of materiality would be least important to an auditor when considering the:

Question

Quizplus · Accepted Answer

Materiality is least important when considering the effects of a direct financial interest in the client upon the CPA's independence. This is because independence is a fundamental ethical principle that cannot be compromised, regardless of the materiality of the issue. In contrast, materiality is relevant for determining the significance of financial information in the financial statements or disclosures. Options A, B, and C are related to financial statement audit procedures where materiality is an important consideration.

The Concept of Materiality Would Be least important to an Auditor