Why Might an Auditor Revise the Preliminary Assessment of Materiality

question 64

Multiple Choice

Why might an auditor revise the preliminary assessment of materiality?

• A) because client circumstances may have changed
• B) because of qualitative events
• C) because the auditor determined preliminary assessment of materiality before year-end
• D) all of the above

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Definitions:

Folic Acid

A form of vitamin B9, essential for DNA synthesis and repair, red blood cell formation, and the development of the fetal nervous system during pregnancy.

Spina Bifida

A birth defect where there is incomplete closing of the backbone and membranes around the spinal cord.

Toxoplasmosis

A parasitic disease caused by Toxoplasma gondii, which can infect most animals and humans, often contracted from contaminated food, soil, or through contact with cat feces.

Brain Damage

Physical injury to the brain that impairs its functions, potentially resulting in long-term cognitive, physical, or emotional disabilities.