Discuss the Three Main Factors That Affect an Auditor's Preliminary

question 53

Essay

Discuss the three main factors that affect an auditor's preliminary judgement about materiality.

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Definitions:

Cortex

The outermost layer of the brain, involved in numerous high-level brain functions such as thought, memory, and decision-making.

Carroll Izard

An American psychologist known for his contributions to the understanding of emotions, including the development of the Differential Emotions Theory.

Basic Emotions

Fundamental emotions that are universally experienced by humans, such as joy, sadness, fear, disgust, surprise, and anger.

Lust

Lust is an intense desire or craving, often used to describe a strong sexual attraction towards someone.